Report Marcos Jr. Inspects Malampaya Amid $600M Drilling Effort

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Photo courtesy of Inquirer

 

President Ferdinand Marcos Jr. conducted a fly-by visit to the Malampaya gas field on Monday, amid significant drilling activities under the ongoing Malampaya Phase 4 Project. This ambitious $600-million project, equating to over 21 billion Thai Baht, aims to extend the field’s life by finding additional reserves.

 

During a recent speech in Aklan, President Marcos expressed optimism, stating there is a "reasonable chance of success" in uncovering further deposits in the area. "We are going to fly by the rig in Malampaya that is now slowly drilling down into the seabed with a good chance of success," he remarked, underscoring the strategic importance of the operation.

 

The project involves drilling three new wells—Camago-3, Malampaya East-1, and Bagong Pag-asa-1. These efforts are critical as the gas field, initially commissioned in 2001, was expected to see a decline in output by 2029 if additional resources aren't located. Maintaining and expanding the gas field’s capacity is crucial, given its significant contribution to the region's energy supply.

 

The Malampaya Deep Water Gas-to-Power Project currently meets up to 40% of Luzon’s electricity needs. It powers four major plants with a combined capacity of 3,200 megawatts, supplying dependable energy to millions of households.

 

The visit and the drilling activities underscore the administration's commitment to ensuring the nation's energy security and sustainability. By extending the operational life of such crucial infrastructure, the government hopes to provide stable energy supplies and support the economic needs of the country.

 

Observers see these developments as pivotal not just for bolstering domestic energy but also for potentially enhancing the Philippines’ energy independence. These drilled resources could help ease reliance on imported fuels, which can be volatile in price and availability.

 

However, the initiative is not without challenges. Environmental and safety concerns must be navigated carefully as the project progresses. The scale of the project necessitates strict adherence to environmental regulations to safeguard marine biodiversity and the communities reliant on these waters.

 

In summary, President Marcos Jr.’s visit to the Malampaya gas field highlights a proactive approach towards energy resilience in the Philippines. By backing extensive exploration and drilling efforts, the administration aims to secure the country’s power supply for the future, paving the way for sustained growth and stability.

 

  Adapted by ASEAN Now from Inquirer 2025-07-14