A subsidiary of Enrique Razon Jr.-led company has signed a share purchase agreement to formalize the acquisition of stakes in Malampaya gas field from Dennis Uy’s firm.
Prime Infra added the transaction is still subject to the consent of the Philippine National Oil Company Exploration Corp. and the Department of Energy . Prime Infra said its acquisition of shares in Malampaya will inject investments to expand Malampaya operations, adding it supports the administration’s goal of energy security.
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