Manila, March 26 (AseanAll) — Finally, a whiff of good news for the country in this time of global uncertainty.
Philippine President Ferdinand R. Marcos Jr. announced on March 26, 2026 the successful drilling and testing of the Camago-3 well, an indigenous energy source that will protect every Filipino from rising global fuel prices.
“My fellow Filipinos, today I am proud to announce another step forward in our mission to secure affordable, reliable energy for every Filipino,” Marcos said in a video message posted on social media.
“The Camago-3 well has been successfully drilled and tested, producing up to 60 million standard cubic feet of gas per day,” the President added.
The Camago-3 development is the second major milestone under the $893 million Malampaya Phase 4 (MP4) campaign, which is estimated to contain 2.5 times more recoverable gas than Malampaya East 1 (MAE-1).
The President said that the two wells are projected to extend the life of the Malampaya gas field by an estimated six years, which means additional, steadier, and cheaper power for Filipino consumers.
“Every unit of power we generate from Malampaya instead of imported fuel is money saved by households, by small businesses, by every Filipino that pays an electric bill,” the Chief Executive said.
“Alam natin lahat kung gaano kahalaga ito ngayon. Ang kaguluhan sa Middle East ay nagdudulot ng matinding pabago-bago sa presyo ng gasolina sa buong mundo,” the President added.
New subsea pipelines are being laid in Philippine waters for the first time since 2000, said the President, noting the country is not just extending a gas field but rebuilding its energy infrastructure from the ground up.
The government, the President said, is targeting first gas delivery from MP4 wells by the fourth quarter of 2026 and is also working on the next well—the Bagong Pag-asa, which sits 30 kilometers north of Malampaya.
The Malampaya Phase 4 drilling campaign is being undertaken under the supervision of the Department of Energy (DOE) as part of the government’s broader strategy to develop indigenous energy resources and reduce
