The Malampaya gas field, a discovery made in deep water that established Palawan as an oil and gas frontier, may yet provide the country with the much-sought energy security that could boost the country’s economic potential.
This welcome development arose from the move of Prime Energy, operator of Service Contract 38 where Malampaya is located, to drill two deepwater development wells in the Camago and Malampaya East fields that will result in additional supply of natural gas.
According to Prime Infra President and CEO Guillaume Lucci, “Malampaya is playing a critical role in ensuring power supply and avoiding volatility, stability of gas prices, energy security,” adding that the consortium is spending about $750 million for the three development wells meant to tap additional natural gas supplies.
With the huge investments needed for natural gas, it is just fitting and proper that a Senate bill filed by Senator Raffy Tulfo seeks to come up with a national policy that would require the Department of Energy to lay down rules that make the use of natural gas found and developed in the Philippines as priority in the generation of electricity.
“We are very proud of the milestones that the hard-working team of Filipinos in Prime Energy achieve month on month to ensure that we are on track for the planned drilling,” said Prime Energy Managing Director and General Manager Donnabel Kuizon Cruz.
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