Malampaya Project

THE MALAMPAYA PROJECT The Malampaya image is a one of its kind protrusion that the Philippines have developed. It is a big opportunity for the Philippines in blow development. The project aims to harvest Gas deep underwater and to use it as a source of power. It provides at least 40-45% of Luzons electricity since 2002. It is currently macrocosm conducted by Shell Philippines Exploration together with the joint partners Chevron Texaco Malampaya and PNOCEC. The gas was buried approximately 800 meters underwater deep in Northwest Palawan.According to incision of Energy Philippines (2002) that Malaya Gas field is to produce 146 billion cubic feet (BCF) a year. It was turn out that they have at least 80 million lay of condensate and 20-40 million barrels of oil reserves which totals 2. 5 to 3. 5 gazillion cubic feet of Gas (TCF). Last December 2012 there has been a plan to expand the Malampaya Gas plant. The Keppel Subic Shipyard started striking poise or steel cutting as a sign al for their $1 billion fictionalization of an offshore rig in expansion of the Malampaya project.Keppel Subic will be a great help in developing the Malampaya project by build and installing substructure and topside modules in platforms to sustain its 2,700 megawatts production output and for the windup of the Malampaya 3. Also, it will generate at least 1,200 jobs according to Shell Philippines. It has been be after that in 2014, they will build additional two wells and in 2015, installing of new platform for additional equipment and facilities.According to the consortium, the Malampaya 3 aims to keep a steady supply to maintain their commitments in ensuring the power supply for Luzon. It has been proven that they have 3. 2 trillion cubic feet reserves and 1 trillion of it has already been consumed. Sources http//malampaya. com/? page_id=2 http//www. doe. gov. ph/DNG/malampaya_history. pdf http//www. gmanetwork. com/news/story/284493/economy/companies/keppel-subic-to-build-fab rication-yard-for-malampaya-deep-well-platform http//manilastandardtoday. com/2012/12/08/work-starts-on-expansionary-malampaya-rig/