Overview
- MAE-1 holds about 98 billion cubic feet of gas in place and includes condensate, according to President Ferdinand Marcos Jr.
- The well lies roughly 5 kilometers east of the main Malampaya field off Palawan in the West Philippine Sea.
- Prime Energy and Service Contract 38 partners committed about $893 million for Phase 4 drilling to appraise MAE-1 and additional wells such as Camago and Bagong Pag‑asa.
- Initial testing indicated flows near 60 million cubic feet per day, with further appraisal to confirm recoverable volumes and any production schedule.
- Officials say the discovery could extend Malampaya’s role in supplying power to Luzon as existing reserves decline, marking the country’s first natural gas find in more than a decade.