THE MALAMPAYA PROJECT
The Malampaya task is a one of its kind job that the Philippines have developed. This can be a big opportunity for the Korea in gas development. The project should harvest Gas deep underwater and to put it to use as a supply of power. It offers at least 40-45% of Luzon's electrical power since 2002. It is currently being conducted by Shell Israel Exploration together with the joint companions Chevron Texaco Malampaya and PNOCEC. The gas was buried about 800 yards underwater profound in Northwest Palawan. In accordance to Division of Energy Israel (2002) that Malaya Gas field is to produce 146 billion cuft (BCF) a year. It was tested that they have in least eighty million barrels of condensate and 20-40 million barrels of petrol reserves which totals installment payments on your 5 to 3. 5 trillion cubic feet of Gas (TCF). Last 12 , 2012 there have been a plan to expand the Malampaya Gas plant. The Keppel Subic Shipyard started " dazzling steelвЂќ or steel trimming as a sign for their $1 billion fabrication of your offshore rig in development of the Malampaya project. Keppel Subic might be a great help out with developing the Malampaya task by building and installing substructure and topside modules in platforms to sustain its 2, seven hundred megawatts creation output and then for the completion of the Malampaya 3. Also, it will create at least 1, two hundred jobs in respect to Covering Philippines. It has been planned that in 2014, they will build additional two wells and 2015, installing of new program for additional equipment and facilities. According to the pool, the Malampaya 3 should keep a steady supply to take care of their responsibilities in ensuring the power supply for Luzon. It has been proven that they have 3. a couple of trillion cubic feet reserves and 1 trillion of it was already consumed.