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The Department of Energy (DOE) has tapped technical and financial advisers that will clear the way for the sale of the operating stake of Shell Philippines Exploration B.V. (SPEX) in the Malampaya asset to Prime Exploration Pte. Ltd., which is owned by billionaire Enrique Razon. Tapped as Chai

Energy Secretary Raphael Lotilla on Wednesday said the Philippine National Oil Company Exploration Corp.’s (PNOC-EC) review of Razon-led Prime Infrastructure’s planned purchase of an operating stake in the Malampaya natural gas-to-power project is on track.

The Department of Energy has tapped a pool of industry experts to assist the agency in reviewing the proposed sale of Shell’s interest as operator of Service Contract 38, saying that PNOC Exploration Corp. is on track in its review of Prime Infrastructure’s Malampaya acquisition.