Prime Energy Resources Development B.V, the operator of the Malamapaya gas-to-power project, is looking to extract a fresh volume of additional gas by 2026 should its 15-year license extension application be approved by the government.
In a report by Manila Bulletin, Prime Infra president and CEO Guillaume Lucci said that the Malampaya operator “will produce new gas from the new wells before 2026.”
Malampaya’s Service Contract 38 (SC 38) will expire on February 2024. Lucci said that they are looking to undertake a new round of exploration activities in the block, including the surrounding areas.
Prime Infra earlier said that it plans to drill three wells to extend the life cycle of the Malampaya gas field. The company will also conduct a round of seismic surveys in the covered blocks of the SC.
With regards to the remaining scale output of Malampaya between 2026, Department of Energy (DOE) Energy Policy and Planning Bureau director Michael Sinocruz said that it has yet to be re-evaluated as the pressure of the wells is already low.
Sinocruz added they are still reviewing the contract whether to extend it or not, as it will depend on the assessment and evaluation, and exploration, as well as the 3D seismic survey, among others.
In related developments, The Malampaya was able to remit $14 billion to the national government since the beginning of operations.
Malampaya produces natural gas to power plants in Batangas, accounting for around 20% of the country’s total electricity requirements.