Philippines announces first major gas discovery in over a decade

Summary

The Philippines has confirmed a new gas-bearing reservoir at the Malampaya East-1 well, estimated to contain 98 billion cubic feet of gas. This discovery could produce around 60 million cubic feet per day and supply power to approximately 5.7 million households annually. The find is part of the Malampaya Phase 4 Drilling Campaign, which aims to enhance domestic gas supply amid declining production.

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