New Offshore Gas Field Announced in Myanmar Portion of Bay of Bengal
Drilling Activity Details
Myanmar (Burma)
Drilling Activity Summary
Description
Posco International announced it discovered a new offshore gas field in Myanmar near the Shwe gas field development in the Andaman Sea, Bay of Bengal, Block A-1. The #1-Mahar discovery was made while carrying out exploratory undersea drilling for its Mahar gas project. An 18-m gas column was encountered, and currently it is estimated that it could produce 38 MMcf of gas per day. The completion is in 2,598 m of water. Posco plans to drill more appraisal wells at the site in 2021. The Shwe gas field consists of blocks A1 and A3. There are currently two existing gas fields, Shwe and Shwe Phyu, in Block A1. Posco International, based in Incheon, South Korea, has a 51% stake in the Shwe natural gas project, while Myanma Oil and Gas Enterprise, KOGAS, Oil and Natural Gas Corp. and Gail Ltd. hold the remaining 49%.
Posco International announced it discovered a new offshore gas field in Myanmar near the Shwe gas field development in the Andaman Sea, Bay of Bengal, Block A-1. The #1-Mahar discovery was made while carrying out exploratory undersea drilling for its Mahar gas project. An 18-m gas column was encountered, and currently it is estimated that it could produce 38 MMcf of gas per day. The completion is in 2,598 m of water. Posco plans to drill more appraisal wells at the site in 2021. The Shwe gas field consists of blocks A1 and A3. There are currently two existing gas fields, Shwe and Shwe Phyu, in Block A1. Posco International, based in Incheon, South Korea, has a 51% stake in the Shwe natural gas project, while Myanma Oil and Gas Enterprise, KOGAS, Oil and Natural Gas Corp. and Gail Ltd. hold the remaining 49%.