OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, has secured a contract with a company in the Philippines to deliver subsea equipment for an offshore gas field.
Under the contract signed with Prime Energy Resources Development, OneSubsea will deliver wellheads, Christmas trees (control equipment) and a subsea production system for Malampaya Phase 4 to drill and tie-in two new deepwater wells in the Camago and Malampaya East fields to the Malampaya shallow water platform.
The delivery of the equipment is expected by the end of this year, while drilling is planned for 2025 with the aim of delivering new gas by 2026.
Prime Energy is the operator of the Malampaya deepwater gas-to-power project, which is said to be one of the largest and most significant industrial endeavors in Philippine history.
“Exploration and development of a late-life gas field like Malampaya requires extraordinary feats of engineering, which we are committed to deliver safely. We want to help ensure that Filipino consumers continue to enjoy stable and predictable electricity prices, a protection that we wish to continue offering for the long-term, para sa bayan,” said Prime Energy Managing Director and General Manager Donnabel Kuizon Cruz .
The project passed an external independent review, the Estimate Schedule Analysis Review (ESAR), on February 22, which concluded that the project’s schedule estimate is sound.
Subject to partner approvals, Prime Energy plans to drill the third well, called Bagong Pag-asa, as part of the 2025 drilling campaign. This exploration well will determine the presence of oil and gas in a structure approximately 15 kilometers from Malampaya.
Offshore drilling contractor Noble Corporation recently secured a contract for its Noble Viking drillship to drill three wells, with an additional one-well option, at the Malampaya-Camago field.