Gas reserves found at M9 block in offshore Zawtika field

PTTEP Myanmar Asset, a subsidiary of Bangkok-based PTT Exploration and Production (PTTEP), has found commercially proven gas reserves at the M9 block of the Zawtika project. The project is located approximately 300km south of Yangon in the Gulf of Mottama. General Manager of the company, 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 shown positively proven reserves of 152 metres of net gas sands, more than 41 meters, which was initially expected 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 and Myanma Oil and Gas Enterprise holds the remaining 20 pc.