News

March 15, 2024, Manila, Philippines—Prime Energy Resources Development B.V. (Prime Energy) recently awarded a major contract for the Malampaya Phase IV Project to Noble, one of the largest offshore drilling contractors in the world. The contract is for the use of Noble’s deepwater drillship “Noble Viking” to drill twoDeepwater development wells in the Camago and […]

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February 27, 2024, Manila, Philippines—Prime Energy Resources Development B.V. (Prime Energy) announced the award of a contract to One Subsea (of the Schlumberger group) for the supply of Wellheads, Christmas Trees (Control Equipment), and Subsea Production System by the end of 2024. The equipment will be used for Malampaya Phase 4 to drill and tie-in […]

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Prime Energy Resources Development B.V. (Prime Energy) announced the signing of a long-term Gas Sale and Purchase Agreement (GSPA)  by the Malampaya consortium with the wholly-owned subsidiaries of First Gen Corporation (First Gen) that own gas-fired power plants. The new GSPA will continue the gas supply contracts expiring in 2024. The Malampaya consortium and First […]

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More than powering the future of Philippine energy for two decades, the pioneer in the country’s natural gas industry has become a reliable partner in enriching the lives of Filipinos through capacity-building, environment conservation, and sustainability programs. This foundation partners with local stakeholders and agencies in areas they operate in to restore, manage, and conserve […]

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Prime Energy has exceeded its target output for the months of April, May, and June 2023, citing efficient maintenance activities and integrity of equipment in the Malampaya Deep Water Gas-to-Power project as driving forces that contributed to the high sales achievement, fulfilling the usual high gas demand during summer. Energy production and supply to customers […]

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President Ferdinand R. Marcos Jr. expects a more stable and cheaper energy with the expanded development…

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The Malampaya Foundation Inc., (MFI) the Malampaya JV’s social development arm established in 2005, has several projects aimed at empowering people through capacity building and provision of tools to enable productivity, social and economic development, and conservation of the environment. Here are some of their successful projects.  BEST of the BEST MFI recognized that one of the greatest challenges of poverty was the lack […]

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Prime Energy Resources Development B.V. today announced that it sealed an agreement with Abu Dhabi National Oil Company (ADNOC) Global Trading (AGT) to supply condensate to be produced at the Malampaya gas field. “This agreement with AGT establishes our force in the global petroleum industry, and we are privileged that AGT, one of the top […]

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Did you know that Mindoro Island, located in the Philippines, boasts a remarkable natural treasure? With 19% of its land covered in diverse forest types and hosting the world’s largest concentration of coastal fishes, corals, crustaceans, mollusks, seagrasses, and mangroves, Mindoro stands as a significant biodiversity hotspot. Scientists estimate that this lush island is home […]

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Prime Energy Resources Development B.V. (Prime Energy) recently named Donnabel Kuizon Cruz as…

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15 May 2023, Manila, Philippines — Following President Ferdinand R. Marcos, Jr.’s approval of the renewal of Service Contract No. 38 (“SC 38”), the Malampaya Deep Water Gas to Power Project is moving full speed ahead for new exploration and development. The renewal extends SC 38, which governs the Malampaya project, for fifteen (15) years, […]

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April 19, 2023: the Department of Environment and Natural Resources (DENR) confirmed that oil continues to leak from the MT Princess Empress which sank off the coast of Naujan, Oriental Mindoro last February 28. MT Princess Empress was carrying 800,000 liters of Industrial Fuel Oil (IFO). Of its 22 tanks, 11 have been sealed, 3 […]

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Monday, 8 May 2023

Ang hindi naiintindihan ng karamihan na sumuko na dito sa SMBB ay, hindi ito biglang yaman na proyekto. Hinde. Kailangan nating magsama-sama, mag-tiis, mag-tulungan, at sumunod sa mga patakaran…

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Tuesday, 25 April 2023

Prime Energy Resources Development B.V. (Prime Energy) is the 88th member of the International Association of Oil and Gas Producers (IOGP), a global forum for the upstream industry in the areas of health, safety, security, and environment (HSSE), engineering, industry, and energy transitions. As an IOGP member, Prime Energy now has access to privileges such […]

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Friday, 24 March 2023

Prime Energy successfully conducted a Turnaround (TA) for the Malampaya deep water gas-to-power project on February 4 to 18, 2023. This is Prime Energy’s First TA, better known externally as a maintenance shutdown, since Prime Energy took over operations from Shell Philippines Exploration B.V. (SPEX) in November of 2022, and Malampaya’s first turn around since […]

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Prime Energy Resources Development B.V. (Prime Energy), along with its consortium partners UC38 LLC and PNOC Exploration Corporation, continues to provide support to the Philippine

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PRIME ENERGY: WE’RE HERE TO STAY PRIME ENERGY sponsored “Powertrends 2023” – the 25th anniversary of the oldest and best-established energy forum in the Philippines. This marked Prime Energy’s first public introduction to its peers since Prime Infrastructure Capital Inc. (Prime Infra) acquired SPEX (Shell Philippines Exploration B.V.) – who operates Service Contract 38, the […]

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Mindoro Biodiversity Conservation Foundation Inc. (MBCFI) one of the social arms of Prime Energy won at the 6th annual Campaign’s Women Leading Change Awards (WLCA) for “Best CSR Campaign”

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Malampaya Foundation Inc. (MFI) a social arm of the Malampaya Joint Venture partners won at the Environmental Social Governance ESG Awards 2022 Unicepta last November 9, 2022 for

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Monday, 23 January 2023

On December 26, 2022, while on standby at a Malampaya location, a Prime Energy chartered vessel Lewek Hydra spotted a non-motorized boat with a man onboard. The distressed person turned out to be a fisherman who was drifting on the ocean for 2 days without food. The Hydra crew rescued him and was immediately attended […]

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