Total: positive appraisal offshore Myanmar
(CercleFinance.com) - Total announces a successful appraisal of the A6 block Shwe Yee Htun-2 discovery, offshore Myanmar.
"The well was drilled to a final depth of 4,820 meters and encountered 40 meters of net gas pay in a high quality reservoir," the group said.
Preliminary tests confirm the reservoir's quality, along with the well's permeability and production capacity. The block's resources are currently estimated at between 2 and 3 Tcf.
Gas production of the M5 and M6 blocks currently provides for half the country's gas production and around 12% of the consumption of its neighboring country, Thailand.
"This new discovery on A6 block is a major step towards unlocking new gas reserves in an area closely located to the fast growing regional markets. Total's track record of Myanmar's Yadana gas field exploitation is a key asset to lead these discoveries to commercial development," outlined Arnaud Breuillac, President Exploration & Production at Total.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
"The well was drilled to a final depth of 4,820 meters and encountered 40 meters of net gas pay in a high quality reservoir," the group said.
Preliminary tests confirm the reservoir's quality, along with the well's permeability and production capacity. The block's resources are currently estimated at between 2 and 3 Tcf.
Gas production of the M5 and M6 blocks currently provides for half the country's gas production and around 12% of the consumption of its neighboring country, Thailand.
"This new discovery on A6 block is a major step towards unlocking new gas reserves in an area closely located to the fast growing regional markets. Total's track record of Myanmar's Yadana gas field exploitation is a key asset to lead these discoveries to commercial development," outlined Arnaud Breuillac, President Exploration & Production at Total.
Copyright (c) 2018 CercleFinance.com. All rights reserved.