Petronas retrenches workers in Myanmar as the national oil firm reviews its operations

KUALA LUMPUR (Oct 21): Petroliam Nasional Bhd (Petronas) today acknowledged that there have been job cuts at its Yetagun offshore gas field in Myanmar. The national oil firm said this is part of a review of its business portfolio and operations due to the current gruelling market conditions. The job cuts were understood to have […]

PTTEP to remain focused on Myanmar investments despite profit drop

Although earnings at PTT Exploration and Production (PTTEP) halved in the first six months of the year, the Thai oil company will continue to focus on its key major investments, which include gas fields in Myanmar as well as Thailand, Malaysia and the Middle East, Mr Phongsthorn Thavisin, President and CEO of the company, said […]

PTTEP pledges to continue gas production work in Myanmar

Thai oil and gas company PTT Exploration and Production (PTTEP) will continue to execute its 2020 Economic Plan, which includes work in Myanmar, said Mr Piya Sukhumpanumet, general manager from PTTEP Myanmar Asset. PTTEP is the operator of the Zawtika natural gas project, which includes the development of the Zawtika, Kakonna and Gawthaka gas fields […]

PTTEP, GPSC banking on Myanmar gas plant

SET-listed oil and gas drilling firm PTT Exploration and Production Plc (PTTEP) has finalised a plan for a new gas-fired power plant in Myanmar with a capacity of 600 megawatts in collaboration with Global Power Synergy Plc (GPSC). Both companies, affiliates of PTT Plc, are working to finish a feasibility study, prepare for a development […]

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 […]

PTTEP to raise investments in Myanmar offshore projects to maintain gas production

Since 2014, a total of 345 million cubic feet of natural gas for daily domestic consumption and export to Thailand is channeled from the offshore Zawtika Project in the Gulf of Moattama to the Zawtika Operation Center (ZOC) in Kanpauk Township, Tanintharyi, said Mr Piya Sukhumpanumet, general manager of PTTEP Myanmar Assets. Natural gas, which […]

Thai company to conduct impact study for offshore block

Thailand’s national oil and gas company PTT Exploration and Production Public Co Ltd will conduct an environmental impact assessment (EIA) of the offshore block called M9 before drilling exploratory and test wells in the second quarter of the year, the company has told Myanmar Times. PTTEP said it will conduct the EIA to ensure there […]

PTTEP to invest US$ 3.3 billion in Thailand, Myanmar in 2019

Thai national oil company PTT Exploration and Production (PTTEP) is expecting to spend a total of US$3.3 billion in 2019 to continue its activities in at the Zawtika gas field in theGulf of Moattama, Myanmar. Around 55 percent will be channeled towards investments required for more regular production and storage expansion, with long term development […]

PTTEP to invest in new Myanmar gas fields next year

With fresh oil and gas reserves at Myanmar’s offshore blocks now approved for commercial activities, the Ministry of Energy and Electricity (MOEE) will invite international tenders for up to 31 oil and gas exploration fields in early 2019. The last round of exploration and production tenders was held under the former government in 2014. The […]

Gas pipeline at Zawtika to be replaced

The replacement of a gas pipeline at the Zawtika project, offshore of Myanmar, will be conducted to reliably supply gas to Myanmar, said Mr. Piya Sukhumpanumet, general manager of PTTEP Myanmar Asset. Mr Piya was speaking to journalists during a media tour to Zawtika, located in block M-9 of the Moattama Gulf, Tanintharyi Region on […]