Prime Energy Resources Development B.V. said Thursday it became the 88th member of the International Association of Oil and Gas Producers—a global forum for the upstream industry in the areas of health, safety, security and environment, engineering, industry and energy transitions.
“Our membership of the IOGP, alongside other industry trailblazers, cements our position as an exploration company with established expertise and credibility, especially as the operator of the Malampaya project. Our vision for a cleaner energy Philippines aligns with IOGP’s advocacy to promote a reliable and sustainable energy supply,” Prime Energy managing director Sebastian Quiniones Jr. said.
As the operator of the Malampaya gas field, which supplies a significant amount of the Philippines’ energy requirement, Prime Energy’s membership with the prestigious international organization reinforces its commitment to upholding the highest standards for HSSE.
Prime Energy, a subsidiary of Prime Infrastructure Capital Inc., is a natural gas exploration and development company. It owns the 45-percent operating interest in Service Contract 38, or the Malampaya deep water gas-to-power project, supplying 20 percent of Luzon’s electricity requirements.