Camago-3 well successfully drilled, tested – Marcos

PRESIDENT Ferdinand Marcos Jr. on Thursday announced that the Camago-3 well has been successfully drilled and tested, producing up to 60 million standard cubic feet of gas per day. “Today, I am proud to announce another step forward in our mission to secure affordable, reliable energy for every Filipino,” Marcos said in a video message. “It is the second major milestone under our $893-million Malampaya Phase 4 campaign, and it is significantly larger than our first,” he added. The president said Camago-3 holds an estimated 2.5 times more recoverable gas than the Malampaya East-1 discovery. “Together, these two wells are projected to extend the life of the Malampaya gas field by an estimated six years,” Marcos said. “We are targeting first gas delivery by the fourth quarter of 2026,” he added. “This is energy we control. Energy that shields the Filipino people from rising fuel costs beyond our shores,” the president said. Prime Energy, operator of Service Contract 38 (SC 38), on Thursday said that it is on track to deliver first gas from the Malampaya Phase 4 (MP4) development by the fourth quarter of 2026. The Camago-3 well flowed at rates of up to 60 million standard cubic feet of gas per day, confirming a substantial addition to Malampaya’s remaining gas resources and reinforcing the role of indigenous natural gas in supporting the Philippines’ long-term energy security. “The successful completion of Camago-3 demonstrates the strength of the Filipino workforce and the close collaboration between government and industry,” Prime Energy said. The Malampaya consortium, led by Prime Energy in collaboration with joint venture partners UC38 LLC, Prime Oil & Gas Inc. and PNOC Exploration Corp., continues to advance activities under MP4 on schedule. For the first time since 2000, new subsea pipelines are being installed to tie additional resources into the Malampaya platform, restoring large-scale offshore construction capability and reinforcing the Philippines’ long-term energy resilience. “Delivering results of this scale in less than three years since the renewal of SC 38 is an amazing achievement and reflects what ‘Top Quartile’ performance looks like in the international Oil and Gas industry. This progress keeps us firmly on track to deliver first MP4 gas in the fourth quarter of 2026 and opens new opportunities to expand the country’s domestic gas resources,” the company said. Prime Energy, a wholly owned subsidiary of Prime Infra, thanked the president and the Department of Energy for supporting new investments to sustain the country’s indigenous natural gas supply. Utilizing indigenous gas provides a vital shield against price volatility driven by global events. Malampaya’s fuel cost equivalent is approximately P4.80 per kilowatt-hour (kWh), compared with roughly P10.30/kWh for imported liquefied natural gas. “The results at Camago-3 further strengthen our confidence in Malampaya’s remaining resource potential,” Prime Energy said. “Together with the Malampaya East-1 gas discovery, this will deliver continued value of indigenous natural gas in ensuring a stable and reliable power supply for Filipino consumers.”

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