The Malampaya Energy Group has announced that it is ready to ramp up investment into both new exploration and production enhancement technologies to breathe new life into the asset, which delivers a fifth of the nation's energy supplies.

'We are now in a radically different operating environment that is challenging but also opens up opportunities for growth. As a single-asset operation with Filipinos at the helm, Malampaya won't have to compete for investment with other assets in a global portfolio. We can and will embark on an ambitious growth program from day one after handover to safeguard future energy supply for Filipino people,' Malampaya Energy executive Belinda Racela said.