Dutch offshore contractor Allseas has secured a $180 million contract with Prime Energy Resources Development, a subsidiary of Prime Infrastructure Capital Inc., for the installation of essential pipeline and umbilical infrastructure at a natural gas field in the Philippines.
The contract, finalized with Allseas Nederland (Brasil) B.V., was formalized during a signing ceremony in Manila. This agreement is a significant step for the Malampaya life extension initiative, Project Sinagtala, and represents a major advancement in the Philippines’ energy security strategy.
Prime Energy plans to invest up to $800 million in extending the Malampaya field’s life. This includes drilling two deepwater development wells in the Camago and Malampaya East fields and a third exploration well, Bagong Pagasa.
Allseas will install critical pipeline and umbilical infrastructure to connect the new wells to the Malampaya Shallow Water Platform, which is set to start gas delivery by 2026.
Donnabel Kuizon Cruz, CEO of Prime Energy, highlighted the importance of the partnership with the Philippine government and the Department of Energy. “This contract marks a crucial step in advancing Project Sinagtala and enhancing the nation’s energy security. With this agreement, we are poised to deliver a new, vital source of gas for the Philippines,” Cruz said.
Noble Corporation has been hired to drill the wells, with an additional one-well option, at the Malampaya-Camago project. Drilling is scheduled to commence in Q2 2025.