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 as technical standards and guidance specific to improving the upstream industry performance, advocacy intelligence and industry outreach, highly reliable data for benchmarking and decision making, talent development through committee membership and engagement, organizational learning and culture building, and representation in key industry and global meetings and conferences that will further strengthen its expertise and operations.
“Our membership of the IOGP, alongside other industry trailblazers, cements our position as an exploration company with established expertise and credibility, especially as the operator of the Malampaya project. Our vision for a cleaner energy Philippines aligns with IOGP’s advocacy to promote a reliable and sustainable energy supply. As a member, Prime Energy will continue to participate in the organization’s initiative of building a stronger foundation as the industry engineers its way toward the energy transition to a low-carbon future,” said Sebastian C. Quiniones Jr., Managing Director of Prime Energy.
IOGP has been serving the petroleum industry since 1974, pioneering excellence in safe, efficient, and sustainable energy supply. As an enabling partner for a low-carbon future, it works with over 2,250 experts from its member organizations to share knowledge and practices to improve performance across the global industry.
Its members are comprised of integrated energy companies, national oil companies, independent upstream operators, service companies, and industry associations from producing regions: the Americas, Asia Pacific, Europe, the Middle East, and Africa. Collectively, members of the organization produce 40% of the world’s oil and gas.
As the operator of the Malampaya gas field, which supplies a significant amount of the Philippines’ energy requirement, Prime Energy’s membership with the prestigious international organization reinforces its commitment to upholding the highest standards for HSSE. To learn more about Prime Energy and the Malampaya project, visit malampaya.com.
About Prime Energy
Prime Energy Resources Development B.V. (Prime Energy), a subsidiary of Prime Infrastructure Capital Inc., is a natural gas exploration and development company. It owns the 45-percent operating interest in Service Contract 38, or the Malampaya deep water gas-to-power project, supplying 20 percent of Luzon’s electricity requirements.
In its two decades of operation, the Malampaya project supported the Philippines’ energy security, generating significant revenues for the local government amounting to US$13 billion or over PHP1 trillion and made significant contributions to stakeholder communities through sustainable social and environmental programs.
For more information, please visit malampaya.com.