MALAMPAYA GAS FIELD

The Malampaya gas field is a gem for the country, a first ever. 
A realization of a dream to have such a source of oil enough to soar the economy high.

It is understandable that the country is not technologically equipped, and we have no resources and talents to mine such a field, but the challenge remain, that we must in any difficult situation  learn and develop our own and home grown talents.

The partnership with Shell and Chevron amounts to 90 percent, and the Ph for 10 percent, is somewhat disproportionate and disadvantages to the interest and income for the government.
But so, taking into considerations of the situation, we are at loss of much of our gem. Still, we are buying the same oil, and garnering profits only  for royalty.

Malampaya must be a lesson.  
The Petron Corporation which was totally owned by the government could have taken the part of shell and chevron instead, but with the privatization of Petron and the National Oil company, where are our options?

Like oil and the treasures found  buried beneath the surface, the government has the mandatory power to seize these gems and treasures from anyone for such treasures belongs to the country.

But the case of the Malampaya must not be another case, while it should be treated the same like treasures found underneath surface, the oil is technically a treasure of the same category and should law be applied.

The nil part of 10 percent of the government in the Malampaya, is the reversal of what should be lettered in the law and the constitution.

Therefore, the partnership of the government vis a vis shell and chevron is deemed to be unconstitutional.
Though it is a cooperative venture, still, the share value of the government must be greater and reflective of the constitution.