PTTEP Finds Gas Offshore Myanmar

Thailand’s PTTEP has found new natural gas deposit from three more test wells at M-3 Mottama offshore block in Myanmar, media reports said Sunday.

The three test wells Aung Thinkha- 4, 5 and 6, which were drilled in February and May 2013, are yielding 4.38 million cubic feet and 20 barrels of condensate, 5 million cubic feet and 30 barrels of condensate and, 14.34 million cubic feet and 2,000 barrels of condensate per day, Xinhua news agency said citing a report in New Light of Myanmar.

The PTTEP, which is carrying out joint venture with state-run Myanmar Oil and Gas Enterprise (MOGE), has been conducting drilling of the Aung Thinkha test wells since March 2011 and first found yielding of 25.14 million cubic feet per day from Aung Thinkha-2 that year, Xinhua said.

The MOGE said the new gas deposit found in the block will be mainly reserved for domestic use.