August 19, 2016

Record-breaking off-shore gas reserve discovered by local company

Volume II, Number 254, 3 Sunday, January, 2016
Volume II, Number 254, 3 Sunday, January, 2016

A large off-shore natural gas reserve was discovered in Block A-6 by MPRL E&P Pte Ltd.
The company announced that it discovered the gas reserve in a well known as Shwe Yee Htun-1when the well reached a total depth of 5,306 metres below rotary table, 2,030 metres below the surface of the water.
Union Minister for Energy U Zeyar Aung, along with Chief Minister for Ayeyawady Region U Thein Aung and Managing Director of the Myanma Oil and Gas Enterprise, visited the well yesterday and presented fruit baskets to experts there.
Experts discovered the reserve during a Wireline Log on 26 December 2015 at the well, which is located about 30 miles off Ngwesaung Beach, Pathein.
The well intersects a gross gas column of approximately 129 metres, and about 15 metres of net gas play within the primary target interval, as confirmed through pressure measurements and gas samplings.
Experts calculated that natural gas reserve stems from the Shwe natural gas reserve located further up Myanmar’s coast.
Evaluation of the data is still ongoing.
The discovery comes as the largest discovery of an off-shore gas reserve in the history of off-shore exploration in Myanmar.
MPRL E&P Pte Ltd, the only independent energy company led by Myanmar nationals operating both on-shore and off-shore in Myanmar, began drilling Shwe Yee Htun-1 in November 2015.
The company signed a PSC to become the operator of Block A-6 in 2007.
During his visit to the site, the energy minster called on the personnel of MPRL to strive, in cooperation with the energy ministry, for successful commercial energy production.
U Moe Myint, CEO of MPRL E&P, expressed his delight at the discovery on behalf of the company, adding that MPRL E&P will continue to work with Woodside Total E&P to upgrade the discovery.
“The success of the exploration will benefit not only the partners involved in drilling in the block but also the entire country and the people, who are the main owners of underground resources,” U Moe Myint said.—Myanmar News  Agency


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