Razon-led Prime Energy Resources Development B.V., the operator of the Malampaya deep water gas-to-power project, said it is on track to start producing gas by the fourth quarter this year following the completed drilling of one of the wells.
In a statement late Thursday, Prime Energy said it had a successful drilling, completion, and flow test of the Camago-3 well in offshore Palawan.
According to the company, the Camago-3 well produced gas at rates reaching up to 60 million standard cubic feet of gas per day, adding to the Malampaya’s remaining reserves.
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