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Malampaya gas field (file photo) MANILA - A subsidiary of Enrique Razon Jr.-led company has signed a share purchase agreement to formalize the acquisition of stakes in Malampaya gas field from Dennis Uy's firm. In a statement Friday, Prime Infrastructure Capital, Inc. bared that its unit, Prime Exploration Pte. Ltd., sealed the share purchase deal with MEXP Holding Pte. Ltd., a subsidiary of Udenna Corp. Prime Infra added the transaction is still subject to the consent of the Philippine National Oil Company Exploration Corp. (PNOC EC) and the Department of Energy (DOE). To recall, MEXP acquired 45-percent share of Shell Philippines Exploration B.V. (SPEX) in Malampaya deep-water gas-to-power project. SPEX is also the operator of the natural gas field. MEXP's buyout of SPEX's share in Malampaya was a subject of Senate inquiries in 2021. Senator Sherwin Gatchalian then urged the DOE to carefully assess the financial health of Udenna's subsidiary. Prime Infra said its acqu

Sherwin gatchalianEnrique razon jrUdenna corpDepartment of energyPhilippine national oil company exploration corpHolding pteInfrastructure capital incPrime infrastructure capitalPrime explorationPhilippine national oil company explorationEnrique razonPrime infraMalampaya gas field file photo manilaa subsidiary of enrique razon jr led company has signeda share purchase agreement to formalize the acquisition stakes in from dennis uy 39s firm ina statement fridayPrime infrastructure capitalNc bared that its unitRime exploration pte ltd