Breathing new life into Malampaya with new investments and growth program

MALAMPAYA Energy Group has announced that it is ready to ramp up investment into both new exploration and production enhancement technologies to breathe new life into the asset which delivers a fifth of the nation’s energy supplies.

The Malampaya Energy Group is 100% Filipino business, led by a highly qualified team of energy professionals with hundreds of years of combined experience working with Shell, Chevron and Exxonmobil.

“We are now in a radically different operating environment that is challenging but also opens up opportunities for growth,” said Malampaya Energy executive Belinda Racela.

“As a single asset operation with Filipinos at the helm, Malampaya won’t have to compete for investment with other assets in a global portfolio. We can and will embark on an ambitious growth program from Day 1 after handover to safeguard future energy supply for Filipino people.”

At the core of its program is the planned drilling campaign in the SC38 license area to add reserves and extend the life of the asset. At the same time, Malampaya Energy will evaluate well and production enhancement technologies to improve recovery from the main Malampaya field in the near term.

“There are a range of innovative new production enhancement tools and techniques that have emerged in recent years that have never been applied at Malampaya,” Ms Racela said.

“We now have a window of opportunity to increase production while simultaneously exploring for new resources in the SC38 license area. There is potential to breathe new life into the Malampaya field if we act quickly and decisively.”

Ms Racela said that the Group would focus on proven rejuvenation strategies that have successfully increased production and extended the life of other mature fields in the region and globally where oil majors have divested operatorship.

“There is a brilliant, highly motivated and experienced team in place at Malampaya that can make this happen when we support them with the right, highly specialized technical experts and contractors,” she said.

“This growth program will mean fewer brown-outs and a continuation of safe, reliable and sustainable supply from Malampaya for decades to come.” Further information: belinda. racela@malampayaenergy.com.