PRIME Infrastructure Capital, Inc. has formed an advisory council and tapped technical experts for the exploration and development programs of the offshore Malampaya gas-to-power project.
Prime Infra through its subsidiary Prime Energy Resources Development B.V. said the new council will provide strategic and technical advice to extend the gas supply of the Malampaya gas field.
Prime Energy holds a 45% stake in the Malampaya project, with UC38 LLC and state-led PNOC Exploration Corp. holding 45% and 10%, respectively. They are the contractors for Service Contract 38, their agreement with the government covering the deepwater project off Palawan island. Rufino B. Bomasang, former president and chief executive of PNOC-EC, will also be part of the council together with Antoine Bliek, former Shell project manager for the Malampaya project’s second and third phases, and Jose Jerome R.Prime Energy gave its assurance that it is “well equipped” to execute projects and extract gas from the reservoirs in the Malampaya project.
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