Prime Energy Resources Development B.V. (Prime Energy) is a natural gas exploration and development company that owns 40-percent operating interest in Service Contract 38 (SC38) or the Malampaya Deep Water Gas-to-Power project, supplying 20 percent of Luzon’s electricity requirements.

The SC 38 consortium is composed of Prime Energy (40% interest), UC38 LLC (45% interest), PNOC Exploration Corporation (10% interest) and Prime Oil and Gas Inc. (5% interest).

Malampaya is a national government project under the supervision and control of the Department​ of Energy. Since 2002, the Malampaya Project has…