PTTEP Hits Gas Off Myanmar

PTTEP said it has discovered quantities of gas in Block-M3, which consists of Aung Sinkha-3, Aung Sinkha-4, Aung Sinkha-5 and Aung Sinkha-6.

PTTEP is the operator and holds 80% participation interest in exploration Block-M3. The block is located in the Gulf of Moattama, in Myanmar.

Flow tests were conducted and resulted in gas flow rates of approximately 34.5 million standard cubic feet per day (MMSCFD), with associated condensate flow rates of approximately 195 barrels per day (BPD) for the Aung Sinkha-3 well.

The Aung Sinkha-5 well showed gas flow rates of approximately 9 MMSCFD, while the Aung Sinkha-6 well indicated gas flow rates of approximately 14 MMSCFD and also had associated condensate flow rates of approximately 1,820 BPD.

However, for Aung Sinkha-4 well, there was no gas flow shown despite gas discovery in the reservoir because the equipment for acidizing limestone reservoirs could not be prepared since this was the first well of campaign.

PTTEPI plans to conduct additional drilling of appraisal wells in 2014 for potential development and production from the Aung Sinkha field.