Today the funds coming from this field is under scrutiny due to alleged misuse and connection to a big time scam amounting to less than a billion pesos. This has been dubbed the future of the Philippines when it comes to natural resources to address the rising problems in energy production within the country.
1970 - The Philippines began exploring west of Palawan for oil.
1976 - Gas was discovered in Reed Bank, a part of Spratly's Island. China complained which halted further exploration.
1989 - Camago, a natural gas well located in deep waters of northwest Palawan was discovered by Occidental Philippines under the Geophysical Survey and Exploration Contract No. 47.
1990 - Shell assumed the operation when assigned a 50% interest ni GSEC 47 by OXY. GSEC 47 was converted to a Service Contract No. 38 where Shell Philippines Exploration became the operator and OXY as the partner to deliver the service.
1991 - Shell Philippines discovered the Malampaya gas field.
1997 - National Power Corporation representing the Republic of the Philippines signed a Gas Sale and Purchase Agreement with Shell Philippines and OXY for the Ilijan Power Plant in Batangas.
1998 - The commercialization of the natural gas reserves in Camago-Malampaya and San Martin Gas Field was signed by the Department of Energy, Shell Philippines and OXY.
1999 - 45 percent of Shell's interest was sold to Texaco in agreement that a contribution will be made towards the construction cost of upstream project that amounts to 2 US Billion Dollars.
2000 - Shell Philippines closed a ten percent farm in agreement with PNOC-EC (Philippine National Oil Company Exploration Corporation, where Shell Philippines interest in the project was reduced to only forty-five percent, but still operates and develops the project.
2001 - Malampaya was officially inaugurated and commissioned.
2002 - Production of fuel to feed 2700 MW gas fired power plants in Batangas expected to last for 20 years.
2013 - Malampaya phase 2 by Shell Philippines was completed wherein two additional production wells were installed and operating.
1970 - The Philippines began exploring west of Palawan for oil.
1976 - Gas was discovered in Reed Bank, a part of Spratly's Island. China complained which halted further exploration.
1989 - Camago, a natural gas well located in deep waters of northwest Palawan was discovered by Occidental Philippines under the Geophysical Survey and Exploration Contract No. 47.
1990 - Shell assumed the operation when assigned a 50% interest ni GSEC 47 by OXY. GSEC 47 was converted to a Service Contract No. 38 where Shell Philippines Exploration became the operator and OXY as the partner to deliver the service.
1991 - Shell Philippines discovered the Malampaya gas field.
1997 - National Power Corporation representing the Republic of the Philippines signed a Gas Sale and Purchase Agreement with Shell Philippines and OXY for the Ilijan Power Plant in Batangas.
1998 - The commercialization of the natural gas reserves in Camago-Malampaya and San Martin Gas Field was signed by the Department of Energy, Shell Philippines and OXY.
1999 - 45 percent of Shell's interest was sold to Texaco in agreement that a contribution will be made towards the construction cost of upstream project that amounts to 2 US Billion Dollars.
2000 - Shell Philippines closed a ten percent farm in agreement with PNOC-EC (Philippine National Oil Company Exploration Corporation, where Shell Philippines interest in the project was reduced to only forty-five percent, but still operates and develops the project.
2001 - Malampaya was officially inaugurated and commissioned.
2002 - Production of fuel to feed 2700 MW gas fired power plants in Batangas expected to last for 20 years.
2013 - Malampaya phase 2 by Shell Philippines was completed wherein two additional production wells were installed and operating.
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