CEBU - President Ferdinand Marcos Jr. has signed the Service Contract (SC) 38 renewal agreement with members of the consortium - Shell Philippines Exploration BV (45%), Chevron Malampaya LLC (45%), and Philippine National Oil Company-Exploration Corporation (PNOC-EC) (10%) - for the Malampaya Deep Water Gas-to-Power Project, adding, his administration is committed to ensuring energy security in the country.
