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Malampaya Phase 4 dev't certified as project of national significance
The Philippine Star
|October 24, 2024
Razon-led Prime Energy Resources Development B.V. has secured national significance certification for Phase 4 of the Malampaya deep-water gas-to-power project worth $600 million.
Issued by the Department of Energy, the certificate of energy project of national significance will offer speedy and systematic issuance of permits and clearances to fast-track the implementation of the Malampaya project.
The project entails the drilling of the Camago and Malampaya East production wells and the drilling of the Bagong Pag-asa exploration well.
Service Contract 38 operated by Prime Energy and consortium partners UC38 LLC, PNOC Exploration Corp. as well as Prime Oil and Gas Inc. will govern the project.
Dit verhaal komt uit de October 24, 2024-editie van The Philippine Star.
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