PRIME ENERGY RESOURCES DEVELOPMENT

Company Introduction

PRIME ENERGY RESOURCES DEVELOPMENT CORPORATION is a Philippine-based energy company. It is a subsidiary of Prime Infrastructure Holdings Inc., which is part of the Razon Group. The company is primarily engaged in the exploration, development, and production of energy resources. Its most significant undertaking is its involvement in the Malampaya gas-to-power project, a crucial indigenous source of natural gas for power generation in the Philippines. Prime Energy's role includes operating and managing the Malampaya deepwater gas-to-power project to ensure a continued and reliable supply of natural gas to the country's power plants. The company aims to secure and expand the country's energy supply through the sustainable development of domestic energy resources.

Company Type

PRIME ENERGY RESOURCES DEVELOPMENT CORPORATION is neither a factory nor a trader in the traditional sense. It is an energy developer and operator, specifically involved in the upstream oil and gas sector. Its core business is the extraction and supply of natural gas from an indigenous resource. Therefore, it is a producer and supplier of a primary energy commodity rather than a manufacturer of goods or a reseller of products.

Key Product/Service: Natural Gas

Details: Prime Energy Resources Development Corporation is primarily involved in the exploration, development, and production of natural gas. Their core business revolves around managing and operating energy resources, most notably through their participation in the Malampaya gas field project in the Philippines, which supplies natural gas for power generation.