Sectors

Prime Energy Resources Development B.V. is a natural gas exploration and development company. It owns a 40-percent interest in the consortium, which operates Service Contract No. 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 and made significant contributions to stakeholder communities through sustainable social and environmental programs.

Senator Pia Cayetano, chairperson of the Senate Committee on Energy, on Friday pushed for the development of indigenous gas resources, citing the need for a “long-term solution” to ensure national energy security and reliability. Cayetano made the statement after visiting the Malampaya Shallow Water Platform situated 50 kilometers off the coast of Palawan with executives of Prime Infra and Prime Energy.

With plans to develop one of South East Asia’s largest solar-plus-storage facilities and expand the Philippines’ only commercial natural gas field to date, Guillaume Lucci, President and CEO of Prime Infrastructure, currently has many exciting topics to talk about. For over 20 years, he has been spearheading the development of some of the most vital […]

Prime Energy Resources Development B.V. (Prime Energy), along with its consortium partners UC38 LLC and PNOC Exploration Corporation, continues to provide support to the Philippine Coast Guard Marine Environment Protection Command (PCG-MEPCOM) for its ongoing Mindoro oil spill recovery efforts. Thus far, Prime Energy has turned over spill kits, oil absorbent pads, masks, half-face respirators, […]

Preparatory measures are being undertaken by Prime Energy in relation to the two-week scheduled maintenance shutdown (SMS) for the Malampaya Deep Water Gas-to-Power (Malampaya) project. Beginning on February 4 until 18, the SMS is part of a planned maintenance activity in Malampaya to ensure that the equipment and assets within the facility operate safely, reliably, […]

An advisory council composed of technical experts and key industry leaders was convened to ensure the long-term success of the multi-year exploration and development programs of Prime Energy, a subsidiary of Prime Infrastructure Capital Inc. (Prime Infra) that has recently completed its acquisition of the 45-percent operating stake in Malampaya. Created by Prime Energy, the […]

Prime Infrastructure Capital Inc. (Prime Infra), through one of its subsidiaries, has completed its acquisition of the 45-percent operating stake in the Malampaya deep water gas-to-power project effective November 1, 2022. This after Prime Infra’s subsidiary assumed full ownership and control of Malampaya operator Shell Philippines Exploration B.V. (SPEX).  The renaming of SPEX to Prime […]

The Department of Energy’s (DOE) decision approving the transfer of shares of Malampaya operator Shell Philippines Exploration B.V. (SPEX) to a subsidiary of Prime Infrastructure Capital Inc. (Prime Infra) marks the initial foray of Enrique K. Razon Jr’.s infrastructure arm into the upstream energy market, fulfilling its purpose to make better lives and resilient economies […]

Razon-led Prime Infrastructure Capital, Inc. (Prime Infra) has appointed Sebastian C. Quiniones, Jr. as the General Manager of Prime Exploration Pte. Ltd. (Prime Exploration) effective August 17, 2022. Quiniones is the former general manager and managing director of Shell Philippines Exploration B. V. (SPEX) and one of the first Filipino talents in SPEX to have […]