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Chevron Corp (CVX) Financial News - Philippines’ Malampaya Consortium to Extend Field’s Life to 2039

Chevron Corp (CVX)

Philippines’ Malampaya Consortium to Extend Field’s Life to 2039

Quote: and Chevron Corp. will invest $250 million for the second phase of the project, which involves drilling two additional wells to be completed by February 2014. Another $750 million will be invested to install a new platform, Layug told reporters. State-owned The existing five wells in Malampaya were earlier estimated to produce gas until 2024. Its output powers three plants with a total capacity of 2,700 megawatts, almost half of the electricity generated in the main Philippine island of To contact the editor responsible for this story: Cecilia Yap at...
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