In December 2005, the Malampaya Joint Venture partners, composed of Shell Philippines Exploration B.V. (SPEX); Chevron Malampaya LLC and; The Philippine National Oil Company-Exploration Corporation formed the Malampaya Foundation, Inc. (MFI) to serve as its social arm and to strengthen commitment in making significant contributions toward community-based sustainable socio-economic development and marine environment conservation.
The foundation’s main thrust is to empower people through capacity building and provision of tools to enable productivity, social and economic development and conservation of the environment. It was registered with the Securities and Exchange Commission (SEC), as a non-stock, non-profit corporation on December 28, 2005. MFI’s main areas of operation are in the impact areas of the Malampaya Deepwater Gas to Power project, namely, Northwest and North Palawan islands, Oriental Mindoro and Batangas City.
