Manila, March 26 -- President Ferdinand R. Marcos Jr. on Thursday bared a major development in the Malampaya gas field, announcing the successful drilling of the Camago-3 well that is projected to extend the country's indigenous energy supply and reduce reliance on imported fuel.

"Today, I am proud to announce another step forward in our mission to secure affordable, reliable energy for every Filipino," Marcos said in a video message.

He said the Camago-3 well has been "successfully drilled and tested, producing up to 60 million standard cubic feet of gas per day."

"It is the second major milestone under our USD893 million Malampaya Phase 4 campaign, and it is significantly larger than our first," he said.

The announcement follows the...