Malampaya is benefiting the Philippines in countless ways, including reducing oil imports, assuring a more stable supply of energy and a cleaner source of power, and meeting up to 40% of Luzon’s energy requirements.
The operation of Malampaya in the power stations’ full capacity of 2,700 megawatts is displacing an estimate of some 1.35 million kilograms of CO2 per hour–a cleaner and more sustainable process, as compared to energy generation using coal or fuel oil.
Partners In The Vision
The Department of Energy, the agency leading the development of Malampaya, is the Philippine government division dedicated to the search and development of indigenous sources of energy.
Project operator Shell Philippines Exploration B.V. (SPEX) and joint venture partners Chevron Malampaya LLC and the PNOC Exploration Corporation are responsible for the development and operation of the project’s upstream component. Chevron, one of the world’s largest global energy companies, acquired 45% of Malampaya in 1999, while PNOC Exploration Corporation acquired 10% in 2000.