Marcos conducts fly-by at Malampaya Phase 4, plans new wells until 2034

President Ferdinand 'Bongbong' Marcos Jr. conducted a fly-by on Monday during the ongoing Malampaya Phase 4 drilling campaign in Palawan, expressing optimism about finding additional energy reserves.

The President highlighted plans to drill three new deepwater wells: Camago-3, Malampaya East-1, and Bagong Pag-asa-1, which aim to extend the life of Malampaya until at least 2034, up from the previous projection of 2029.

Since its commercial operations began in 2001, Malampaya has contributed over $13.8 billion to the government and supplies about 40% of Luzon's electricity needs.

The project is designated as an Energy Project of National Significance (EPNS), aligning with the Philippine Energy Plan's policy thrust to reduce dependence on oil imports and ensure stable supply.

President Marcos emphasized in a Facebook post that Phase IV drilling is crucial for tapping new gas reserves, underscoring his administration’s commitment to energy security and affordable power for Filipinos.