Marcos: Camago-3 well to boost gas supply
MANILA, Philippines — Faced with soaring fuel prices and oil supply concerns spawned by the Middle East war, the Philippines had some good news yesterday with the successful drilling and testing of the Camago-3 gas well, seen to boost efforts to secure cheaper and steadier power.
In a video statement, President Marcos described the successful drilling and ...
Steelman: The successful drilling and testing of the Camago-3 well is a significant step towards securing cheaper and steadier power for Filipinos, as part of the Malampaya Phase 4 campaign. This well holds an estimated 2.5 times more recoverable gas than the Malampaya East-1 discovery and could potentially extend the life of the Malampaya gas field by six years.
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Root Cause: The ongoing Middle East conflict has caused volatilities in global fuel prices, necessitating effo...