Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

SPEX Updates on Next Phases of the Malampaya Gas Project

change text size

Shell Philippines Exploration BV (SPEX) disclosed Wednesday details for the next phases of the Malampaya Deepwater Gas-to-Power Project in service contract (SC) 38, located around 49.7 miles (80 kilometers) northwest of Palawan Island off the Philippines.

The latest development phases of the Malampaya gas development, known as Malampaya Phase 2 and 3 (MP2 and MP3), will see SPEX drilling two additional production wells (MP2) and installing a second platform to house additional compressors for depletion compression (MP3).

MP2 and MP3 aim to maintain the level of Malampaya gas production to fulfill commitments under existing gas sales agreements and ensure a steady supply of natural gas to power the Luzon electricity grid. The development of MP3 or Depletion Compression Platform (DCP) involves the installation of the new platform by 2015. First steel for the DCP was cut on Dec. 7, 2012 at the Keppel Subic Shipyard in Subic, Zambales, Philippines. 

“We proceed with the project’s next phases of development with the same standards of excellence and commitment to safety that we have lived by all these years, as we know the generations of Filipinos who benefit from Malampaya deserve nothing less,” SPEX's Managing Director Sebastian Quiniones Quiniones said in a company release.

Malampaya is one of the largest and most significant industrial endeavors in Philippine history, heralding the birth of the natural gas industry in the country. A joint undertaking between the Philippine national government and the private sector, the technologically innovative gas project is spearheaded by the DOE,

The Malampaya gas project in SC 38 was developed and operated by SPEX and the Chevron Malampaya LLC and the PNOC Exploration Corporation are the other joint venture partners.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Total Discovers Oil Offshore Ivory Coa... (Apr 17)
 -  Shell Finds Gas at Rosmari-1 Well in S... (Apr 17)
 -  Providence Offered Upgrade to its Newg... (Apr 17)
 -  Ezion Bags $79M Charter Contracts to S... (Apr 16)
 -  Stable North American Market Drives Re... (Apr 16)
Most Popular Articles
From the Career Center
Jobs that may interest you
Completions Engineer Permian
Expertise: Drilling Engineering, Stimulation , Workover or Completion
Location: Midland, TX
 
Completions Engineer
Expertise: Production Engineering, Stimulation , Workover or Completion
Location: Pittsburgh, PA
 
Field Service Coordinator
Expertise: Field Development
Location: Houston, TX
 
search for more jobs