Malampaya is a national government project under the supervision and control of the Department of Energy. Since 2002, the Malampaya Project has supplied natural gas for power generation and has helped to ensure a reliable and secure power supply for Luzon.

In its two decades of operation, the Malampaya project supported the Philippines’ energy security and made significant contributions to stakeholder communities through sustainable social and environmental programs. Prime Energy is an indirect subsidiary of Prime Infrastructure Capital Inc. (“Prime Infra”), founded by Filipino businessman Enrique K. Razon Jr., which invests in energy, water, and waste management.

Prime Energy will continue to power Philippine progress by ensuring safe and reliable operations and sustained social investment with the extension of the Service Contract 38 (SC 38) for another 15 years until February 2039. The contract extension will also allow Malampaya to commence with Malampaya Phase IV project which involves the drilling, development, and tie-in of two (2) new deep-water wells in the Malampaya East (MAE) and CAMAGO fields to the existing Malampaya shallow water platform (SWP). The drilling activity is targeted to start within 2025. If successful, additional natural gas may be lifted starting 2026.

The SC 38 consortium, led by Prime Energy, supports the Malampaya Foundation inc. and the Mindoro Biodiversity Conservation Foundation Inc., which have benefited communities in Palawan, Mindoro and Batangas for over two decades.