Drilling Result of exploration well Zawtika-1A, offshore Myanmar M9 Block

abarrelfullabarrelfull wrote on 03 Mar 2015 19:44

January 3, 2007

Reference is made to PTTEP International Limited (PTTEPI), a 100% owned subsidiary of PTT Exploration and Production Public Company Limited (PTTEP), an operator and sole shareholder of exploration block – M9 in Myanmar. The block is located in the Gulf of Mataban, about 250-300 kilometers south of Yangon.

PTTEP wishes to report that the exploration well Zawtika – 1A was spudded on December 4th, 2006. The well was drilled to a total depth of 3,567 meters and encountered natural gas bearing formation. Three flow rate testing (Tubing Stem Test*-TST) were conducted. The first test indicated a natural gas maximum flow rate of approximately 32 million standard cubic feet per day (MMSCFD). The second test indicated a maximum natural gas flow rate of approximately 26.6 MMSCFD and the third test indicated a maximum natural gas flow rate of approximately 12.8 MMSCFD. The successful combined flow rate of 71.4 MMSCFD confirms the future potential core development area in block M9.

To estimate the petroleum reserves and prepare a development plan for future production, PTTEP will continue to drill seven more exploration and delineation wells in this block which are expected to be finished in July 2007.

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