At a virtual press briefing on Tuesday, Lotilla said, “Of course, we will [study] should there be an application for extension.”bought Dennis Uy’s Malampaya EnergyRazon’s Prime Infrastructure Capital Inc.’s unit Prime Exploration Pte. Ltd. signed a share purchase agreement acquiring Malampaya Energy.
Uy’s group also bought out Chevron Philippines' share in the Malampaya Consortium — through UC Malampaya — in 2020, which had 45% participating interest in SC 38. Before Uy's planned takeover, the Malampaya Consortium was composed of SPEX, Chevron, and the PNOC-EC, which still holds 10% interest in the gas field.
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