The Service Contract 38 consortium, led by operator Prime Energy Resources Development B.V. of tycoon Enrique Razon, is looking to invest about $600 million in its bid to further explore and utilize the remaining gas reserves in the Malampaya gas field.
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The Service Contract 38 consortium, led by operator Prime Energy Resources Development B.V. of tycoon Enrique Razon, is looking to invest about $600 million in its bid to further explore and utilize the remaining gas reserves in the Malampaya gas field.
MANILA (Reuters) - Philippine President Ferdinand Marcos Jr. on Monday signed an agreement extending the production contract for the country's Malampaya natural gas block by 15 years and allowing the operator to drill new wells as it seeks to boost output. | 03:59am