Prime Energy (Prime Energy Resources Development B.V.)
Prime Energy operates the Malampaya Deep Water Gas-to-Power Project under Service Contract No. 38, the Philippines' only indigenous natural gas field, supplying long-term contracted gas volumes to three gas-fired power stations totaling 2,700 MW in Luzon.
- Company typePrivate
- Founded2001
- HeadquartersMuntinlupa City, Philippines
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Prime Energy (Prime Energy Resources Development B.V.) does
Prime Energy Resources Development B.V. operates the Malampaya Deep Water Gas-to-Power Project under Service Contract No. 38 (SC38), the Philippines' only indigenous natural gas field and a piece of national energy infrastructure that supplies approximately 20% of the country's energy needs and 40-45% of Luzon's power generation at full capacity. The company extracts wet gas from subsea reservoirs approximately 3,000 meters below sea level using remote subsea facilities; flowlines transport it to an offshore Shallow Water Platform for initial processing and condensate storage, and a 504-kilometer underwater pipeline carries dried gas to the Onshore Gas Plant in Tabangao, Batangas. From there, two dedicated onshore pipelines feed three gas-fired power stations — Sta. Rita (1,000 MW), San Lorenzo (500 MW), and Ilijan (1,200 MW) — operated by First Gen Corporation subsidiaries.
The revenue model is anchored on long-term Gas Sale and Purchase Agreements (GSPAs) with these power generation customers, effectively a recurring, contracted-offtake structure. As SC38 operator, Prime Energy also shares production revenue with the Philippine government — cumulative government share reached US$5 billion by September 2011, with US$10-12 billion projected over the project's life. The consortium comprises Prime Energy, Udenna Corporation, and PNOC Exploration Corporation; Prime Energy assumed operator duties from Shell Philippines Exploration B.V. The Razon Group, led by Enrique K. Razon Jr., holds significant interest through Prime Infra and related entities. Headquartered in Muntinlupa City (Netherlands B.V. domicile) with approximately 208 employees and operational bases in Tabangao/Batangas and offshore Palawan, the company is currently executing Malampaya Phase 4 (MP4), with first gas from new wells (Malampaya East-1 and Camago-3) targeted for Q4 2026 and a January 2026 discovery at Malampaya East-1 confirming 98 Bcf of additional reserves.
Prime Energy (Prime Energy Resources Development B.V.) firmographics
Firmographics- Name
- Prime Energy (Prime Energy Resources Development B.V.)
- Legal name
- Prime Energy Resources Development B.V.
- Website
- https://malampaya.com
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Prime Energy operates the Malampaya Deep Water Gas-to-Power Project under Service Contract No. 38, the Philippines' only indigenous natural gas field, supplying long-term contracted gas volumes to three gas-fired power stations totaling 2,700 MW in Luzon.
- Ownership category
- akta.pro rank
Prime Energy (Prime Energy Resources Development B.V.) industry classification
Industry- Product category
- Natural Gas Extraction and Supply
- NAICS
- Natural Gas Extraction (211130), Pipeline Transportation of Natural Gas (48621), Oil and Gas Extraction (211), Pipeline Transportation of Natural Gas (486210)
- SIC
- Crude Petroleum & Natural Gas (1311), Natural Gas Transmission (4922), Oil & Gas Field Machinery & Equipment (3533)
- akta.pro primary industry
- Conventional Natural Gas Exploration & Production (Dry Gas) (EUAAAAAA)
- akta.pro secondary industries
- Natural Gas Gathering Systems (EUAAACAA), Natural Gas Compressor Stations & Metering/Regulation Stations (TLAGAKAD), Natural Gas Field Gathering Systems (TLAGAJAB), Well Completion & Stimulation (Hydraulic Fracturing, Sand Control) (EUAAAAAJ), Production Operations & Artificial Lift (Surface Facilities, Compression, Flow Assurance) (EUAAAAAK)
Keywords
Where Prime Energy (Prime Energy Resources Development B.V.) is headquartered
LocationHeadquarters
- HQ city
- Muntinlupa City
- HQ country
- Philippines
- HQ region
- Asia
Offices4 records
Markets served
Prime Energy (Prime Energy Resources Development B.V.) business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D
Revenue model
- Natural Gas Sales: Revenue generated from the sale of indigenous natural gas to power generation companies through long-term Gas Sale and Purchase Agreements (GSPAs). Natural gas is processed at the Onshore Gas Plant in Tabangao, Batangas and transported via two onshore pipelines to three gas-fired power stations (Sta. Rita, San Lorenzo, and Ilijan).
- Government Revenue Share: As operator of Service Contract No. 38, Prime Energy shares revenue with the Philippine government from natural gas production. Government share reached US$5 billion by September 2011 and is forecasted to reach US$10-12 billion over the life of the project.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Prime Energy (Prime Energy Resources Development B.V.) product offering
Product offeringCore offering
Prime Energy operates the Malampaya Deep Water Gas-to-Power Project, extracting indigenous natural gas from subsea reservoirs at approximately 3,000 meters below sea level off Palawan, Philippines. The company processes and supplies natural gas through dedicated pipeline infrastructure to three gas-fired power stations in Luzon (Sta. Rita, San Lorenzo, and Ilijan) under long-term Gas Sale and Purchase Agreements.
Differentiator
Problem solved
Functional benefit
Products and services
- Malampaya Indigenous Natural Gas Supply
Quantifiable outcome
- Meets 20% of country's energy needs and 40-45% of Luzon's power generation requirements at full 2,011 MW capacity
- +4 more outcomes
Companies that use Prime Energy (Prime Energy Resources Development B.V.)
Customer profileNamed customers4 records
Segments1 record
Ideal customer profiles1 record
Prime Energy (Prime Energy Resources Development B.V.) technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Prime Energy (Prime Energy Resources Development B.V.) partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered minor and core.
- Razon Group of FoundationsminorMalampaya Foundation (MFI) joined five other Razon Group corporate foundations (BCFI, IF, MWF, MBCFI, PIF) to form the Razon Group of Foundations. The platform enables synergized initiatives on biodiversity conservation, water stewardship, sustainable livelihood, environmental education, climate resilience, and collaborative research across communities in the Philippines.
- First Gen CorporationcoreThe Malampaya consortium signed a long-term Gas Sale and Purchase Agreement (GSPA) with First Gen Corporation subsidiaries that own gas-fired power plants. The new GSPA continues gas supply contracts expiring in 2024, representing a major commercial relationship for natural gas supply.
- DENR-MimaropaminorDepartment of Environment and Natural Resources regional office partnered with MBCFI through a Memorandum of Agreement for environment protection and conservation in Mindoro province, including biodiversity information gathering, conservation plans, and capacity building activities.
- Department of Energy (DOE)coreThe Department of Energy leads the development of the Malampaya project as the Philippine government agency overseeing energy resource development. DOE coordinates with Prime Energy on project operations, maintenance schedules, and energy security initiatives. Prime Energy works closely with DOE on regulatory compliance and project development phases.
- Udenna CorporationcoreJoint venture partner in Service Contract No. 38 alongside Prime Energy and PNOC Exploration Corporation. Udenna Corporation is part of the Razon Group led by Enrique K. Razon Jr.
- PNOC Exploration CorporationcorePhilippine National Oil Company-Exploration Corporation is a joint venture partner in Service Contract No. 38, representing the Philippine government's interest in the Malampaya Deep Water Gas-to-Power Project under SC38.
- Bloomberry Cultural Foundation (BCFI)minorCorporate foundation of the Razon Group united under the MOU forming the Razon Group of Foundations, focusing on sustainable and inclusive development programs.
- ICTSI Foundation (IF)minorCorporate foundation of the Razon Group and pillar of the foundation alliance, participating in the Razon Group of Foundations MOU for coordinated sustainable development initiatives.
- Manila Water Foundation (MWF)minorCorporate foundation of the Razon Group focusing on water and sanitation programs, united under the Razon Group of Foundations for collaborative sustainable development.
- Mindoro Biodiversity Conservation Foundation (MBCFI)minorNGO focused on conserving Mindoro's unique and threatened environment, biodiversity and natural resources. MBCFI has partnered with DENR-Mimaropa for environmental protection and with Oriental Mindoro provincial government for marine biodiversity protection.
- Prime Infra Foundation (PIF)minorCorporate foundation of the Razon Group covering broad range of social sectors, united under the Razon Group of Foundations MOU.
- Oriental Mindoro Provincial GovernmentminorLong-standing partnership with Malampaya Foundation for programs including marine biodiversity conservation, waste management, livelihood, enterprise development and disaster preparedness. Formalized partnership with Coron LGU and MOA with provincial government for seven barangays' marine protected area management.
- Pilipinas Shell Foundation Inc. (PSFI)minorShell foundation partner in sustainable development initiatives including Access to Energy projects, environmental programs, and community development alongside Malampaya Foundation.
- Conservation International-PhilippinesminorEnvironmental NGO partner in youth action camps and marine conservation programs, particularly in the Verde Island Passage Marine Corridor.
Scale indicators10 records
Recent moves7 records
Expansion highlights4 records
Prime Energy (Prime Energy Resources Development B.V.) competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Customer concentration
Prime Energy (Prime Energy Resources Development B.V.) social profiles
Digital presencePrime Energy (Prime Energy Resources Development B.V.) financial estimates
Financial estimateRevenue estimate
Valuation estimate
Prime Energy (Prime Energy Resources Development B.V.) leadership team
Management profileNumber of profiles
Profiles1 record
Prime Energy (Prime Energy Resources Development B.V.) subsidiaries and ownership
Company hierarchySubsidiaries2 records
Prime Energy (Prime Energy Resources Development B.V.) funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Prime Energy (Prime Energy Resources Development B.V.) M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Prime Energy (Prime Energy Resources Development B.V.)
What does Prime Energy (Prime Energy Resources Development B.V.) do?
Prime Energy operates the Malampaya Deep Water Gas-to-Power Project, extracting indigenous natural gas from subsea reservoirs at approximately 3,000 meters below sea level off Palawan, Philippines. The company processes and supplies natural gas through dedicated pipeline infrastructure to three gas-fired power stations in Luzon (Sta. Rita, San Lorenzo, and Ilijan) under long-term Gas Sale and Purchase Agreements.
Is Prime Energy (Prime Energy Resources Development B.V.) a public or private company?
Prime Energy (Prime Energy Resources Development B.V.) is a private company. It is classified as corporate owned and is currently operating.
When was Prime Energy (Prime Energy Resources Development B.V.) founded?
Prime Energy (Prime Energy Resources Development B.V.) was founded in 2001. It employs 101 to 250 people.
Where is Prime Energy (Prime Energy Resources Development B.V.) based?
Prime Energy (Prime Energy Resources Development B.V.) is headquartered in Muntinlupa City, Philippines, in the Asia region.
How does Prime Energy (Prime Energy Resources Development B.V.) make money?
Two revenue lines are on record. Natural Gas Sales are the primary driver. The others are government Revenue Share.
Does Prime Energy (Prime Energy Resources Development B.V.) have an API?
No public API is recorded for Prime Energy (Prime Energy Resources Development B.V.).
What industry is Prime Energy (Prime Energy Resources Development B.V.) in?
Prime Energy (Prime Energy Resources Development B.V.)'s product category is Natural Gas Extraction and Supply. Its primary akta.pro industry code is EUAAAAAA, Conventional Natural Gas Exploration & Production (Dry Gas), with a secondary code of EUAAACAA, Natural Gas Gathering Systems. Its NAICS code is 211130 and its SIC code is 1311.