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Prime Energy has confirmed that Malampaya Phase 4 is on schedule to start gas supply in the last quarter of 2026 offshore Palawan. This event comes on the heels of the official announcement by Chairman Ferdinand R. Marcos Jr. on the successful flow testing of the Camago-3 well. The data is highly relevant: this well generates up to 60 million standard cubic feet per day and strengthens the capacity of indigenous resources to sustain domestic power demand.
Efficiency in natural gas production and subsea drilling
The progress of the consortium led by Prime Energy together with its strategic partners demonstrates impeccable technical coordination. For the first time in decades, new subsea pipelines are being installed to integrate these discoveries with the existing Malampaya platform.
The recovery of large-scale offshore operation is a factor that gives unprecedented resilience to the Philippine energy system. Achieving these extraction volumes in less than three years since the service contract was renewed is a clear demonstration of high-level industrial performance.
The purpose of this development lies in the shielding it offers against the volatility of global markets. Locally extracted gas has a lower cost than liquefied natural gas. liquefied natural gas from abroad. This price difference directly benefits the end consumer’s electricity bill. In addition, the extension of the life of the field for an additional six years ensures that Luzon’ s power grid has a reliable and predictable source of energy for the long term.
The expansion plan does not stop with the positive results from Camago-3 and Malampaya East-1. The company’s next target is exploratory drilling at Bagong Pag-asa, located north of the current area of operations. If production tests confirm the presence of gas, the country’s energy potential would multiply again. This project has been listed as being of national importance because of its ability to generate massive tax revenues and decrease the purchase of foreign fuels in an increasingly unstable market.
Source and photo: Prime Infra