Manila Electric Co. (Meralco) customers are set to save nearly ₱5 billion through the end of the year after the country’s largest power distributor secured lower rates under an extended supply contract with the First Gas Sta. Rita plant. Jose Ronald Valles, Meralco head of regulatory affairs,...
Prime Energy Resources Development NV completed a month-long maintenance shutdown at the Malampaya deep-water gas-to-power project, restoring domestic gas flows and clear-cutting the path for a major field expansion by late next year. In a statement on Friday, July 17, Prime Energy said that gas...
The Malampaya Phase 4 (MP4) project is advancing at a steady clip with subsea pipelaying and offshore construction activities now in full swing offshore Palawan, according to Prime Energy Resources Development NV. In a statement on Tuesday, May 5, Prime Energy said that this development follows a...
Prime Energy Resources Development NV is moving to solidify the future of the Philippines’ most critical energy asset by initiating data reviews for a new exploration well that could further extend the lifespan of the Malampaya gas field. In a briefing on Tuesday, April 14, Donnabel Kuizon-Cruz,...
Prime Energy Resources Development NV and its partners are on track to begin gas production from the fourth phase of the Malampaya deep-water gas-to-power project by the final quarter of 2026, following successful drilling results at a key offshore well. The Camago-3 well, located in offshore...
Every new gas find is a hard-won victory for the Philippines—whether it is a fresh discovery or added production. President Marcos’s revelation that Malampaya East-1 (MAE-1) holds an estimated 98 billion cubic feet (BCF) of reserves signals that the country has struck a deeper kind of...
A technical hiccup due to a pipe falling into a well has affected the pace of ongoing drilling at the Malampaya gas field, according to a highly placed source whose organization is part of the Service Contract (SC) 38 consortium for the project. The source indicated that “there had been technical...
