The Malampaya consortium led by Prime Energy Resources Development BV (Prime Energy) said it has awarded a contract valued at $180 million to Allseas Nederland (Brasil) B.V. for the installation of new facilities that will connect the new exploration wells to the Malampaya Shallow Water Platform according to BusinessMirror.
The Malampaya gas field off the province of Palawan is the country’s first and only indigenous gas resource. It supplies about 20 percent of Luzon’s electricity needs.
Allseas, a contractor in the offshore energy market, will be installing the pipeline and umbilicals that will connect two new wells to the platform. The wells will be drilled in 2025 and will deliver new gas by 2026.
This new development is part of the consortium’s Malampaya life extension project dubbed “Project Sinagtala” as it progresses well into the project execution phase.
“Project Sinagtala” aims to develop Phase 4 of the Malampaya deep water gas-to-power project, extending the life of the gas field in accordance with the 15-year license extension under Service Contract 38 that was granted to the consortium by President Ferdinand R. Marcos Jr. in May last year.
The other members of the Malampaya consortium are the Philippine National Oil Company-Exploration Corp. (PNOC-EC), UC 38 LLC, and Prime Oil and Gas Inc.
