Senator Pia Cayetano (center) visits the Malampaya Shallow Water Platform on Friday, June 28, with Prime Power Managing Director and Basic Supervisor Donnabel Kuizon Cruz and Prime Infra President and CEO Guillaume Lucci. PHOTO FROM PRIME INFRA
Senator Pia Cayetano, chairperson of the Senate Committee on Power, on Friday pushed for the event of indigenous gasoline assets, citing the necessity for a “long- time period resolution” to nationwide vitality safety and reliability.
Cayetano made the assertion after visiting the Malampaya Shallow Water Platform which is 50 kilometers off the coast of Palawan with executives of Prime Infra and Prime Power.
“Once you expertise this [visit] and also you see the form of investments that goes into making certain vitality safety and vitality reliability,” Cayetano mentioned on the go to.
“Reliability is you should have energy 24/7, safety is when you may have entry, and that’s the place indigenous [gas] is available in,” Cayetano mentioned:
“When we’ve got our personal supply, that offers us extra safety. It’s quite simple,” she mentioned.
The Malampaya Deepwater Fuel-to-Energy undertaking is the nation’s first and solely indigenous gasoline useful resource off the province of Palawan.
It provides about 20 % of Luzon’s electrical energy wants and has considerably contributed to the nation’s vitality independence since 2001.
“Our subsequent large problem is exploration and making certain vitality provide for the following 15, 20 years,” Cayetano mentioned.
“As a result of our provide now could be based mostly on the planning that was completed 20 to 30 years in the past…It’s about planning long-term,” she mentioned.
“That’s what I hope I can carry to the dialogue and assist by means of policymaking,” Cayetano mentioned.
Prime Infra President and CEO Guillaume Lucci expressed appreciation to Cayetano for her go to, noting that having a member of the Senate witness the efforts of the Malampaya group to “preserve the lights on” underscores the important significance of its work.
Lucci mentioned the go to coincided with Malampaya’s steady preparation for its Section 4 drilling program, which goals to drill and tie-in two new deepwater wells beginning 2025 and produce new gasoline by 2026.
“We stay dedicated to supporting the Division of Power’s initiatives to boost the event of the nation’s indigenous gas assets the thought being that gasoline is a pure transition gas because the Philippines strikes in the direction of renewable vitality,” mentioned Lucci.
Prime Power Managing Director and Basic Supervisor Donnabel Kuizon Cruz mentioned exploration and improvement of a late-life gasoline area like Malampaya requires extraordinary feats of engineering, which Prime Power and the SC 38 Consortium are dedicated to delivering safely.
“The strain of the gasoline within the present reservoir goes down and the one strategy to improve the manufacturing once more is to drill new wells in the identical reservoir,” mentioned Cruz.
“We’re greater than able to do it,” she mentioned.
Your subscription couldn’t be saved. Please attempt once more.
Your subscription has been profitable.
“We’re not simply growing gasoline manufacturing however extending the lifetime of the platform as nicely by means of upkeep actions,” mentioned Cruz.
