Joselito Malig

Malampaya Shallow Water Platform.  Handout photo

Article (news)

Carmelle Lacuata

Harlene Delgado

ABS-CBN News

MANILA (UPDATED) - President Ferdinand Marcos Jr. reported Thursday that the Camago-3 well has been “successfully drilled and tested” in a bid to boost energy security amid global fuel supply and prices volatility due to the Middle East conflict.“It is the second major milestone under our $893 million Malampaya Phase 4 campaign and it is significantly larger than our first,” he said in a video message Thursday, March 26.Marcos said the well is producing up to 60 million standard cubic feet of gas per day.Camago-3 is part of the Malampaya Phase 4 Drilling Campaign along with Bagong Pag-asa well under Service Contract 38 led by Prime Energy Resources Development B.V.Camago-3 holds an estimated 2.5 times more recoverable gas than the Malampaya East-1 discovery, according to Marcos Jr.“Together, these two wells are projected to extend the life of the Malampaya gas field by an estimated six years,” he said.In January, Marcos Jr. announced the discovery of the Malampaya East One (MAE-1) natural gas reservoir located about five kilometers east of the existing Malampaya field and contains around 98 billion cubic feet of gas in place.“Ano ang ibig sabihin nito para sa inyo? It means more power. Steadier power. And cheaper power,” he said.The chief executive further noted that the country spends more than double on imported LNG which costs ₱10.30 than Malampaya gas which costs roughly ₱4.80 per kilowatt-hour.“Every unit of power we generate from Malampaya instead of imported fuel is money saved by households, by small businesses, by every Filipino who pays an electricity bill,” he said. Marcos Jr. said they are targeting first gas delivery by the fourth quarter of 2026 with Bagong Pag-asa “already in the works.”New subsea pipelines are being laid in Philippine waters for the first time since the year 2000, according to Marcos Jr.“Ibig sabihin, may bagong tubo na itatanim sa ilalim ng dagat para maihatid ang gas mula sa pinagkukunan nito patungo sa ating mga tahanan at negosyo. We are not just extending a gas field. We are rebuilding our energy infrastructure from the ground up,” he said. Marcos Jr. assured that the government continues to find ways to ensure the country’s energy supply to minimize the impact of the raging conflict in the Middle East.“Alam nating lahat kung gaano kahalaga ito ngayon. Ang kaguluhan sa Middle East ay nagdudulot ng matinding pabago-bago sa presyo ng gasolina sa buong mundo. Kaya naman, ginawa natin ang lahat para masiguro na may sarili tayong supply ng enerhiya upang maibsan ang epekto ng kaguluhang ito sa pang-araw-araw na buhay ng mga Pilipino,” he stated. “This is indigenous energy. It is ours. This is our future. And it is how we protect every Filipino from the burden of rising global fuel prices,” Marcos Jr. said.

Marcos said the well is producing up to 60 million standard cubic feet of gas per day.

Marcos said the well is producing up to 60 million standard cubic feet of gas per day.

Marcos Jr.: Camago-3 gas well 'successfully drilled and tested'

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Marcos Jr.: Camago-3 gas well 'successfully drilled and tested'

Rose Carmelle Lacuata,

Harlene Delgado,

ABS-CBN News

Published March 26, 2026 06:20 PM PHT

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Updated March 26, 2026 06:35 PM PHT

Read More:

Camago-3

natural gas

Malampaya Phase 4

Ferdinand Marcos Jr.

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