Shell Philippines Exploration B.V. Managing Director Don Paulino revealed that reserves in the Malampaya gas field in Palawan will go beyond its expected 2029 life expectancy.
This was stated by Paulino during the inauguration of the Palawan State University (PSU)-Malampaya Engineering Laboratory in Puerto Princesa, Palawan.
“Kung ma-fully consume man ang Malampaya by 2029, I believe na ito ay may kapalit. Kung ano man ‘yon ay di natin alam at di pa natin nakikita,” he said as quoted by PNA.
Paulino cited North Sea oil in Europe still produces reserves of hydrocarbons, comprising liquid petroleum and natural gas amid prediction of being only good for 20-30 years.
“Lumampas na ng 50 years pero ang North Sea oil ay nandyan pa rin,” he said.
“This is a reservoir, we believe it will stay beyond 2029, there will still be plenty of resources that Malampaya can give,” Paulino said.