Wednesday, December 11, 2019

PTTEP to start exploring Myanmar offshore gas deposits next year

Aug 31. 2017
A drill ship. (Photo-EMG)
A drill ship. (Photo-EMG)
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By Myanmar Eleven
Asia News Network

2,816 Viewed

Thailand-based PTT Exploration and Production (PTTEP) will commence exploration work in the M9 and M11 offshore blocks in Myanmar’s Gulf of Martaban next year.

The blocks are 250 kilometres from Dawei and 270 kilometres from Myeik, respectively. 

The company held a public meeting on Tuesday (August 29) to discuss the project, but only a handful of people attended, including government staff, representatives of civil-society groups and other invitees.

“The exploration work in M11 will start after February 2018 and in M9 in October next year,” an official of Myanma Oil and Gas Enterprise said. 

“Investment in the two blocks will not be the same. They are part of the Zawtika natural-gas project, and the government will reap 20 per cent of the benefits. We signed the contract with PTTEP for M9 in 2003 and for M11 in 2005. We found natural gas in the blocks and, if we find oil, we will extract that, too.”

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