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Commercially proven gas reserves found in offshore Zawtika field

PTTEP Myanmar Asset, a subsidiary of Bangkok-based PTT Exploration and Production, has found commercially proven gas reserves at the M9 block of the Zawtika project located 300km southwest of Yangon in the Gulf of Mottama.

The company’s General Manager Piya Sukhumpanumet said in a press release that one of the successful wells, Zawtika-24, has commercially proven hydrocarbon reserves.

Results showed that the well has positively shown proven reserves of 152 metres of net gas sands, more than the expected 41 metres with the latest discovery to prolong Zawtika’s gas production.

“With these significant appraisal outcomes, PTTEP Myanmar Asset is continuously looking for additional resources and reserves to constantly meet energy demands for Myanmar. This discovery increases our confidence about the hydrocarbon potential of undrilled areas in the Zawtika project,” Piya said.

PTTEP Myanmar Asset is 80pc owned by PTT Exploration and Production, with the remainder stake held by Myanma Oil and Gas Enterprise.

SOURCE: MYANMAR TIMES

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