Offshore Gas Project Awards EPCI Deal in Myanmar

Indonesian platform builder PT Gunanusa Utama Fabricators (PTG) has been awarded a second contract from Thailand’s PTTEP for Zawtika project offshore Myanmar. The initial contract, awarded in September, comprised engineering, procurement, construction and installation (EPCI) of two offshore wellhead platforms, associated pipelines and tie-ins for Phase 1C of the Zawtika Development Project. “The aggregate value […]

Chevron says no plan to exit Thailand, may keep stake in Myanmar gas field

Aug 19 Chevron is committed to its Thailand investments despite job cuts that have spurred rumours of the U.S. oil major’s exit, and may keep a Myanmar gas field stake if no attractive offer is made for the asset, an executive said in a statement on Friday. The U.S. oil major – the country’s largest […]

Myanmar to export 515b cubic ft of gas this FY

Myanmar is expected to export 515b cubic ft of natural gas this fiscal year while keeping 160.6b cubic ft for local use, according to the second National Development Plan (NDP), reported on Natural Gas The main Myanmar gas projects; Yadana, Yedagun, Zawtika and Shwe are expected to bring in the lot with 206.2b cubic […]

Myanmar offshore exploration continues despite low oil prices

Myanmar authorities announced the latest offshore activities last week through state-run newspapers. International companies have now started surveys at almost half of all blocks awarded in the 2013 bidding round. Meanwhile, production remains steady at Myanmar’s existing offshore gas fields – Yadana, Yetagun, Shwe and Zawtika – officials said. France’s Total E&P Myanmar launched 2D […]

Energy dilemma

Myanmar needs oil and gas revenue to spur its economy and new discoveries to feed its growing energy appetite, but low oil prices could bring cutbacks in exploration. Myanmar is bracing for a rougher ride after a few years of giddy economic expansion as foreign direct investment slows amid falling oil prices and global uncertainty. […]

Myanmar oil and gas: optimism amid oversupplies and low prices

Despite growing calls for amending their production-sharing contracts in light of plunging oil prices, oil and gas companies operating in Myanmar are still optimistic, as gas was recently discovered in Block A-6. Xavier Preel, general manager of Total E&P Myanmar – one of the three operators of the block – said yesterday that it is […]

Deepwater rigs to come to Myanmar

Deepwater production is perhaps the most complicated method of petroleum extraction – and one with which Myanmar has little experience. While there are currently four offshore platforms in the country’s waters – Yetagun, Yadana, Shwe and Zawtika – all are considered to be shallow-water projects. Yet Myanmar auctioned off the rights to explore and eventually […]

Thailand’s PTT says Myanmar Gas Fields to Shut for Maintenance in April

BANGKOK, March 5 (Reuters) – Thailand’s sole natural gas supplier PTT PCL said on Thursday that three fields in Myanmar would be shut down for maintenance in April. Thailand uses natural gas to generate nearly 70 percent of its electricity, and about a fifth of its supplies are imported from Myanmar. Two major gas fields, […]

Enough gas directed to local market – for now

The government does not intend to increase the amount of natural gas allocated to the domestic market this year from the current supply of 300 million cubic feet per day (mmcfd) despite increasing demand, according to an official of the Ministry of Energy. “The domestic supply cannot be increased this year. It will be the […]

Import of natural gas and hydropower form Myanmar to India

One of the worst decisions of the BNP-led government in 2004 was the rejection of the Indian proposal to lay a gas pipeline from Myanmar to India through Bangladesh. This could enable us to share part of the gas and significantly reduce our dependence on the import of costly oil (and perhaps LNG) to meet […]