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Revealed: Hidden Fortune in the Philippines’ Trillion‑Dollar Oil and Gas
Huge untapped oil and gas reserves beneath Philippine waters are gaining attention after recent exploration and seismic data hinted at vast hydrocarbon potential in the West Philippine Sea.
A major new natural gas discovery at Malampaya East‑1, estimated at roughly 98 billion cubic feet, could bolster energy supply and reduce reliance on imported fuel.
Local investors and energy firms are pouring nearly $900 million into developing the expanded Malampaya field and related infrastructure.
Experts had long suggested even larger oil and gas deposits might lie untapped offshore, possibly worth near‑trillion‑dollar valuations if fully proven and developed.
Such discoveries could transform the Philippines’ energy landscape, though extraction challenges and geopolitical disputes remain significant hurdles