PTTEP Succeeded in Drilling the 4th Well at M9 in Myanmar

abarrelfullabarrelfull wrote on 04 Nov 2013 13:39

03 Apr 07

PTT Exploration and Production Public Company Limited or PTTEP has found significant amounts of natural gas in Zawtika-2 at M9 in the Union of Myanmar. The company is preparing to drill 4-5 more appraisal wells to confirm the primary data of M9 Block petroleum reserves and to boost its development plan to come on stream in 2011 or 2012.

PTTEP President Mr. Maroot Mrigadat (มารุต มฤคทัต) stated that Zawtika-2 well located in the south of M9 Block in the Gulf of Mataban. Its drilling was successful and that natural gas was found with total flow rate of 109.5 million standard cubic feet per day (MMSCFD) on average, the highest rate of all wells drilled at M9.

Zawtika-2 exploration well started drilling on March 9, 2007. The company drilled to the depth of 3,500 metres and found 6 zones of natural gas bearing formations. Gas flow tests using tubing stem test (TST) technique were conducted in three zones and found a total flow rate of 109.5 million standard cubic feet of gas per day.

Since early 2007, PTTEP has found natural gas in 4 exploration wells at M9, i.e. Zawtika-1A, Gawthaka-1, Kaknonna-1, and the latest well, Zawtika-2. After this, the company will drill an additional 4-5 appraisal wells to confirm the petroleum reserves. At the same time, M9 development plan will be commenced with the aim to start production in 2011 or 2012 for domestic use and for export to Thailand.

M9 Block is in the Gulf of Mataban in the Union of Myanmar about 300 kilometres south of Yangon. PTTEP has held production sharing contract with the Government of Myanmar since 2003 and has 100% interest in M7 and M9 Blocks.

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