Thailand and Myanmar have discussed a possibility of a joint venture for an investment in a marine pipeline construction to supply more natural gas from the M-9 field located in Myanmar. Thai Energy Minister Piyasvasti Amranand, who is attending the 25th ASEAN Energy Ministers Meeting in Singapore, said he had discussed with his Myanmar counterpart progress in negotiations for natural gas trading between Thailand and Myanmar through a joint venture. He said PTT Exploration and Production Plc expected it would be able to supply natural gas from the M-9 field to Thailand in late 2011 or early 2012 to accommodate higher power demand in the country. The field has a gas reserve of more than 1.5 trillion cubic feet and is able to supply gas at a rate of around 300 million cubic feet per day. The M-9 field development project is expected to require a total investment of US$1 billion. (Source: TNA, 24-8-2007)

In April 3 of this year, PTTEP announced that PTTEP has found significant amounts of natural gas in Zawtika-2 at M9 in the Union of Myanmar. The company is preparing to drill 4-5 more appraisal wells to confirm the primary data of M9 Block petroleum reserves and to boost its development plan to come on stream in 2011 or 2012. PTTEP President Mr. Maroot Mrigadat stated that Zawtika-2 well located in the south of M9 Block in the Gulf of Mataban. Its drilling was successful and that natural gas was found with total flow rate of 109.5 million standard cubic feet per day (MMSCFD) on average, the highest rate of all wells drilled at M9. Zawtika-2 exploration well started drilling on March 9, 2007. The company drilled to the depth of 3,500 metres and found 6 zones of natural gas bearing formations. Gas flow tests using tubing stem test (TST) technique were conducted in three zones and found a total flow rate of 109.5 million standard cubic feet of gas per day. Since early 2007, PTTEP has found natural gas in 4 exploration wells at M9, i.e. Zawtika-1A, Gawthaka-1, Kaknonna-1, and the latest well, Zawtika-2. After this, the company will drill an additional 4-5 appraisal wells to confirm the petroleum reserves. At the same time, M9 development plan will be commenced with the aim to start production in 2011 or 2012 for domestic use and for export to Thailand. M9 Block is in the Gulf of Mataban in the Union of Myanmar about 300 kilometres south of Yangon. PTTEP has held production sharing contract with the Government of Myanmar since 2003 and has 100% interest in M7 and M9 Blocks. (Source: http://www.pttep.com/NewsDetail.aspx?id=654)

Myanmar’s Oil and Gas Enterprise has signed a production-sharing contract with Thailand’s PTTEP International Limited to explore for oil and gas off the coast of Myanmar on July 25 of this year. Under the agreement, the Thai company will explore for oil and gas in the Gulf of Moattama in Block M-11, which covers about 7200 square kilometres, said Mr Maroot in a July 25 notification letter to the Thailand Stock Exchange. PTTEP International Limited, a subsidiary of state-owned PTT Exploration and Production Public Company Limited, will become the sole investor and operator of the exploration project in Block M-11. PTTEP also operates in the offshore M-3, M-4, M-7 and M-9 blocks. M-11 borders M-9, in which the company is drilling two exploratory wells. The company holds a 25.5-per cent stake in the Yadana and a 19.3-per cent stake in the Yetangun gas fields. Myanmar sells about 900 million cubic feet of natural gas a day, including 600mcfd from Yandana and 300mcfd from Yetagun, via a pipeline to Thailand.

Gas Rich Myanmar Makes Everybody Happy.



Post edited by: umyintlwin, at: 2007/08/25 02:47<br><br>Post edited by: umyintlwin, at: 2007/08/25 02:51

Can I invest my lee in your mouth? myint lwin? waiting for your reply.

Hi May

Excuse me, but is lee ?

Dear May,

Don’t expect him to response to your question because the only thing he knows is CUT AND PASTE of others’ articles and nothing will come out of his brain (does he has a brain? I doubt it very much!!!!). He is breathing through other’s nose.

You can judge the level of his brain by looking at his work (CUT and PASTE) and yet he said PROTECTING THE COUNTRY.

He dare not discuss anything except cut and paste and IF you see the responses, it will be in other names.

=====


NINCOMPOOP Myint Lwin (man with many names),

We may be rich in gas but see what happen last week. By raising the price of GAS (over five folds) and everybody knows that all prices will go up and yet you are talking about HAPPINESS. BLOODY FOOL!!!!

It showed that you care for nobody but for your skin and your benefit.

IS THAT YOU WAY OF PROTECTING THE COUNRY????

NINCOMPOOP!!!!!

Truthseeker

Myanmar-Thailand negotiating joint venture gas pipeline

Energy authorities of Myanmar and Thailand are negotiating for the construction of a marine joint venture natural gas pipeline for export of gas to Thailand from M- 9 block in Myanmar's Mottama offshore area, according to sources with the Myanmar energy ministry Friday.

The M-9 field development project is expected to need a total investment of 1 billion U.S. dollars, the local Myanmar Times also said.

The Thai PTT Exploration and Production (PTTEP) Public Co Ltd, which has been engaged in gas exploration at block M-9 in the offshore area, has so far found large and commercial gas deposits at seven test wells since 2005.

With a total estimated gas reserve of more than 8 trillion cubic-feet (TCF) or 226.5 billion cubic-meters (BCM) and a production rate of about 300 million cubic-feet (MCF) or 8.49 million cubic-meters (MCM) per day, the M-9 field is expected to be able to produce gas and export to Thailand by late 2011 the earliest.

The seven test wells where gas deposit was discovered are Zawtika-1, Gawthaka-1, Karkonna-1, Zawtika-2, Zawtika-3, Zawtika-4 and Zawtika-5. Of them, and the last Zawtika-5 was found in July this year yielding at 38.36 MCF (1.08 MCM) per day from up to a depth of 7,414 feet (2,224 meters) and 33 MCF (0.934 MCM) per day from up to a depth of 5,199 feet (1,559 meters), according to a then official report.

The authorities described the gas deposit discovery as being similar to that in three other huge gas fields of Yadana, Yetagun and Shwe previously explored and developed.

The PTTEP has already been engaged in four other gas projects in Myanmar in blocks M-7, M-3, M-4 and M-11 in the same Mottama offshore area.

Myanmar has abundance of natural gas resources especially in the offshore areas. With three main large offshore oil and gas fields and 19 onshore ones, Myanmar has proven recoverable reserve of 18.012 TCF ( 510 BCM) out of 89.722 TCF or 2.54 trillion cubic- meters (TCM)'s estimated reserve of offshore and onshore gas, experts said.

The country is also estimated to have 3.2 billion barrels of recoverable crude oil reserve, official statistics indicate.

The Myanmar figures also show that in the fiscal year 2005-06, the country produced 7.962 million barrels of crude oil and 11.45 BCM of gas. Gas export during the year went to 9.138 BCM, earning over 1 billion U.S. dollars.

In the first three quarter of 2006-07 which ended in March, Myanmar produced 5.822 million barrels of crude oil and 9.819 BCM of gas, with he latest statistics also showing that gas export during the period went to 8.124 BCM, gaining 1.24 billion dollars.

Other statistics reveal that foreign investment in Myanmar's oil and gas sector had reached 2.769 billion dollars as of the end of 2006 since the country opened to such investment in late 1988, standing the second in the country's foreign investment sectorally after electric power.

Currently, 13 foreign oil companies, mainly from Australia, Britain, Canada, China, Indonesia, India, South Korea, Malaysia, Thailand and Russia, are operating 33 onshore and offshore projects in Myanmar, official sources disclosed.

Source: Xinhua, 14-Sep-2007