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2h ago

Philippines Confirms 98 Bcf Gas Discovery Near Malampaya

The find offers a potential boost to domestic gas supply as the country contends with declining output from its lone producing field.

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The new natural gas find is near the Philippines' sole producing offshore site of Malampaya, which is expected to run dry within a few years
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Overview

  • President Ferdinand Marcos Jr. announced the Malampaya East One (MAE-1) discovery about five kilometres east of the existing field off Palawan.
  • Initial testing recorded flows of roughly 60 million cubic feet per day, indicating high productivity comparable to early Malampaya wells.
  • The reservoir holds an estimated 98 billion cubic feet of gas in place and includes condensate, a high‑value liquid fuel.
  • It is the Philippines' first natural gas discovery in more than a decade, providing fresh prospects as Malampaya declines after years supplying about 40% of Luzon's power.
  • The well lies within Service Contract 38 operated by a consortium led by Prime Energy with UC38, PNOC Exploration Corporation, and Prime Oil and Gas, with further exploration underway in nearby prospects.