Malampaya Phase 4 dev't certified as project of national significance

Razon-led Prime Energy Resources Development B.V. has secured national significance certification for Phase 4 of the Malampaya deep-water gas-to-power project worth $600 million.

- By BRIX LELIS

Issued by the Department of Energy, the certificate of energy project of national significance will offer speedy and systematic issuance of permits and clearances to fast-track the implementation of the Malampaya project.

The project entails the drilling of the Camago and Malampaya East production wells and the drilling of the Bagong Pag-asa exploration well.

Service Contract 38 operated by Prime Energy and consortium partners UC38 LLC, PNOC Exploration Corp. as well as Prime Oil and Gas Inc. will govern the project.