Prime Energy Resources Development B.V. is optimistic that more indigenous natural gas supply will be secured after it recently awarded a major contract for the Malampaya phase four project to Noble, one of the largest offshore drilling contractors in the world.
The company said the $69.9- million contract was awarded to Noble for the use of its deepwater drillship Noble Viking to drill two Deepwater development wells in the Camago and Malampaya East fields, as well as a third exploration well, Bagong Pagasa, approximately 15 kilometers north of Malampaya.
“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 in 2025… Malampaya gas has served us for more than 20 years. We are committed to continue providing reliable flow and supply of indigenous gas to our customers, protecting Filipino consumers from volatile forces that affect oil and gas prices,“ said Donnabel Kuizon Cruz, Prime Energy managing director and general manager, in a statement.
Service Contract number 38 which governs the Malampaya project was extended for another fifteen years until February 2039.
