The Department of Energy (DOE) said the newly identified reservoir is estimated to hold about 98 billion cubic feet of natural gas, with initial testing indicating a flow rate of 60 million cubic feet per day, along with associated condensate.

The discovery represents the first major achievement under the Malampaya Phase 4 Drilling Campaign, which also covers the Camago and Bagong Pag-asa wells being developed under Service Contract 38. The project is led by Prime Energy Resources Development B.V.

The DOE noted that the milestone was delivered by a fully Filipino-led team composed of UC38, PNOC Exploration Corporation, and Prime Oil and Gas Inc.

“This milestone is a testament to the world-class capability of Filipino engineers in securing our country’s energy future,” Garin said in a statement.

Garin described natural gas as a “critical bridge in our energy mix,” noting its role in maintaining power reliability while the country accelerates the expansion of renewable energy, energy storage systems, and grid modernization.

“We will pursue this opportunity with discipline: maximizing value for Filipinos, upholding environmental stewardship, and ensuring that every milestone strengthens our national interest,” she added.

In a separate statement, Prime Energy said the MAE-1 discovery increased Malampaya’s remaining recoverable gas volumes by an estimated 30 percent.

“This gas discovery is a victory for the Filipino people,” the company said. “When we assumed operatorship, we committed to the President and the nation to breathe new life into Malampaya and revitalize the indigenous natural gas sector. Today, we are delivering on that commitment.”

Prime Energy also expressed appreciation to President Ferdinand R. Marcos Jr. for approving the extension of Service Contract 38 and for the passage of the Philippine Natural Gas Industry Development Act, which the company said provides stability and confidence for continued natural gas exploration. (PNA)

Via: AutoAndTech

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