Future Prospect for Young

Petroleum Engineers
Presented by
U Myint Soe
BE, M.Phil, ME (Petroleum)
Associate Professor & Head (Retired)
Department of Petroleum Engineering
Yangon Technological University
CEC Member of MES
Yangon, Myanmar
 Map
showing
Oil and
Gas
Bearing
Areas
of
Myanmar
Onshore &
Offshore
Blocks
Map
 Oil and Gas Bearing Areas of Myanmar
SEDIMENTARY BASINS STATUS OF EXPLORATION
1. Rakhine Coastal (Onshore)
2. Hukaung A. Thoroughly Explored
3. Chindwin Basins
4. Shwebo-Monywa 1. Central Myanmar
5. Central Myanmar 2. Pyay Embayment
6. Pyay Embayment 3. Ayeyarwady Delta
7. Ayeyarwady Delta (Only Part of the
8. Bago Yoma Basin Basin)
9. Sittaung Valley
10. Mepale B. Explored to Some Extent
11. Mawlamyine 1. Chindwin
12. Namyau 2. Rakhine Coastal
13. Hsipaw-Lashio
14. Kalaw C. Very Little Explored
15. Rakhine offshore 1. Hukaung
16. Moattama offshore 2. Shwebo-Monywa
17. Tanintharyi offshore 3. Bago Yoma

D. Not Explored Yet

STATUS OF EXPLORATION 1. Hsipaw-Lashio
(Offshore)
2. Namyau
Thoroughly Explored Basins
3. Kalaw
• Rakhine Offshore 4. Sittaung Valley
• Moattama Offshore 5. Mawlamyine
• Tanintharyi Offshore 6. Mepale
4
 Crude Oil and
Natural Gas

Proved Recoverable
Petroleum Reserves
(as at 1-4-2007)
Location Crude Natural
Oil Gas
(MMBBL) (BSCF)

Onshore 508.496 768.231

Offshore 100.892 15,845.000

 OIL & GAS FIELDS OF MYANMAR
(ONSHORE)
SR NO. OIL & GAS FIELDS YEAR OF DISCOVERY REMARKS
1 YENANGYAUNG 1887 PRODUCING
2 AYADAW 1893 PRODUCING
3 CHAUK 1902 PRODUCING
4 LANYWA 1902 PRODUCING
5 YENANMA 1914 PRODUCING
6 PYAYE 1924 PRODUCING
7 PAYAGON 1959 SUSPENDED
SHWE
8 MYANAUNG 1964 PRODUCING
9 PYAY 1965 PRODUCING
10 SHWEPYITHA 1967 PRODUCING
11 PYALO 1969 SUSPENDED
12 MANN 1970 PRODUCING
13 LETPANDO 1974 PRODUCED FOR
2 YEARS & SUSPENDED
14 PEPPI 1976 PRODUCING
15 HTAUKSHABIN 1978 PRODUCING
16 HTANTABIN 1980 SUSPENDED
17 KANNI 1985 PRODUCING
18 TABIN 1986 SUSPENDED
19 APYAUK 1991 PRODUCING
20 KYAUKKWET / 1995 PRODUCING
LETPANDO
21 INDAING 1996 SUSPENDED
22 NYAUNGDON 1999 PRODUCING
23 THARGYITAUNG 2001 PRODUCING
24 SABE 2001 PRODUCING
25 INDAW 2002 TESTED
26 DAHATPIN 2005 TESTED
27 MAUBIN 2006 TESTED
28 HTAGAING 2006 PRODUCING
Current Onshore Activities

Company / Operator Block Area

MPRL E & P (Singapore) MOGE-2 (N) (Mann Field)

GOLDPETROL (Indonesia) MOGE-1 (Yenangyaung
Field)
IOR-2 (Chauk Field)
FOCUS ENERGY (Switzerland) MOGE-2 (S) (Htaukshabin
/ Kanni Field)
CHINNERY ASSETS (China) IOR-4 (Pyay Field)
CNOOC (China) PSC-M (Kyaukphyu)
PSC-C1 (Indaw-Yenan)
PSC-C2 (Shwebo-
Monywa)
SINOPEC (China) PSC-D (Mahudaung)
ESSAR (India) PSC-L (Sittway)
SILVER WAVE SPUTNIK PSC-B 2 (Zebyutaung-
(Russia) Nandaw)

In onshore area, 11 Contracts are active in 11

onshore blocks with 8 foreign companies.
The other onshore blocks are reserved for
MOGE operations.
Current Offshore Activities
Company / Operator Block

TOTAL M-5 , M-6

(Yadana Project)
PETRONAS Carigali M-12 , M-13 , M-14
(Yetagun Project)
M-15
DAEWOO INTERNATIONAL A-1 , A-3 (Shwe Project)
PTTEPI M-3 , M-4 , M-7 , M-11 ,
M-9 (Zawtika Project)
CNOOC A-4 , M-10
ESSAR A-2
SUNTERA M-8
DANFORD EQUITIES YEB
GAIL + SILVER WAVE A-7
CNPC INTERNATIONAL LTD AD-1, AD-6 , AD-8
MPRL E & P A-6
RIMBUNAN PETROGAS + IGE A-5 , M-1
DAEWOO INTERNATIONAL AD-7
ONGC VIDESH AD-2 , AD-3 , AD-9

In offshore area, 21 Contracts are active

in 22 offshore blocks with 11 foreign
companies.
11 new deep water blocks are open for
Yadana Natural Gas Field of Moattama
Offshore Area
 YADANA GAS PROJECT SUMMARY
LOCATION : MOATTAMA OFFSHORE
BLOCKS : M-5 / M-6
SELLERS : TOTAL 31.24 %
UNOCAL 28.26 %
PTTEP 25.50 %
MOGE 15.00 %
BUYER : PTT Plc
RESERVES : 6.5 TCF
EXPORT DCQ : 565 MMCFD / 565 MMCFD
DOMESTIC GAS : 125 MMCFD
OFFSHORE FACILITIES : WELL HEAD PLATFORM 1 ( 7 WELLS )
WELL HEAD PLATFORM 2 ( 7 WELLS )
WELL HEAD PLATFORM 3 ( 2 WELLS )
PRODUCTION PLATFORM
LIVING QUARTER PLATFORM
FLARE PLATFORM
ONSHORE FACILITIES : PIPELINE CENTER
METERING STATION
PIPELINES : 216 MILES 36” PIPELINE ( OFFSHORE )
39 MILES 36” PIPELINE ( ONSHORE )
START OF GAS EXPORT : 1998
PROJECT COST : 1200 MM$
Yetagun Natural Gas Field of Tanintharyi
Offshore Area

Yetagun
North
 YETAGUN GAS PROJECT SUMMARY
LOCATION : TANINTHARYI OFFSHORE
BLOCKS : M-12 / M-13 / M-14
SELLERS : PETRONAS 40.75 %
NIPPON 19.40 %
PTTEP 19.40 %
MOGE 20.45 %
BUYER : PTT Plc
RESERVES : 4.16 TCF
EXPORT DCQ : 200 / 260 / 400 MMCFD
( ABOUT 30 BL CONDENSATE / MMCF )
OFFSHORE FACILITIES : DRILLING PLATFORM ( 10 WELLS )
PRODUCTION PLATFORM
FSO
ONSHORE FACILITIES : PIPELINE CENTER
METERING STATION
PIPELINES : 126 MILES 24” PIPELINE ( OFFSHORE )
42 MILES 24” PIPELINE ( ONSHORE )
START OF GAS EXPORT : 2000
PROJECT COST : ABOUT 700 MM$
 (BSCF)
Gas Export (Myanmar)
Sr. YEAR YADANA YETAGUN TOTAL
No.
1. 1998-99 30.000 - 30.000

2. 1999 -2000 148.455 - 148.455

3. 2000-01 233.252 47.920 281.172

4. 2001-02 192.158 75.830 267.988

5. 2002-03 191.625 91.930 283.555

6. 2003-04 190.392 92.339 282.731

7. 2004-05 193.383 108.650 302.033

8. 2005-06 191.120 142.165 333.285

9. 2006-07 236.550 153.277 389.727

 Natural Gas Trade Movement by Pipeline
(BP Statistical Review of World Energy June 2007)

Sr. No. Country Export Volume

(BCM)
1. Russian Federation 151.46
2. Canada 99.75
3. Norway 84.00
4. Netherlands 48.60
5. Algeria 36.92
6. USA 19.22
7. Germany 14.73
8. Bolivia 10.80
9. UK 9.94
10. Myanmar 8.98
11. Libya 7.69
12 Other Europe & Eurasia 7.52
Natural Gas Trade Movement by Pipeline (Cont.)
(BP Statistical Review of World Energy June 2007)

Sr. No. Country Export Volume

(BCM)
13. Argentina 6.14
14. Turkmenistan 6.01
15. Iran 5.69
16. Denmark 5.09
17. Indonesia 4.83
18. Belgium 4.50
19. Egypt 1.93
20. Malaysia 1.78
21. Oman 1.40
22. Mexico 0.08
TOTAL EXPORT 537.06
Asia Pacific Region Gas Trade Movement by
Pipeline
(Billion Cubic Meters –BCM)
(BP Statistical Review of World Energy June 2007)

Sr. Country Year 2004 Year 2005 Year 2006

No.

1. Myanmar 7.50 8.90 8.98

2. Indonesia 6.15 4.83 4.83

3. Malaysia 1.60 1.78 1,78

 Types of Petroleum Arrangement

• PSC ( Production Sharing Contract )

• IPR Contract ( Improved Petroleum Recovery

Contract )
• RSF Contract ( Reactivation of Suspended
Oil and Gas Fields/ Area )
• PCC ( Performance Compensation Contract )
 Objectives of PSC
• To explore and develop the petroleum resources in
the shortest possible time.
• To provide the government with a fair share of
income from the operations.
• To ensure that in case of favourable circumstances,
the government automatically earns a large share of
the benefits.
• To provide a reasonable rate of return to the oil
company, taking into account geological and other
risks.
• To provide an incentive to the oil industry to evaluate
properly the petroleum potential of the country, and
to encourage as much as possible the development
of marginal fields.
• To provide for a system that can be easily
administered with the foreseeable technical
capabilities of the country involved.
Attractive Incentives Granted in PSC
• Duties on import of petroleum industry
equipment / material are exempted.
• 3 year Tax Holiday is automatically granted.
• Corporate Tax is 30% on taxable income.
• No export duty levied on export of petroleum.
• Accelerated depreciation (25%) per year is
allowed.
• Domestic Market supply is priced at not too far
reduced from fair market value.
• Renegotiation clause specifically allows
necessary adjustment/ amendments, in the
event job situations arising not envisaged in the
original contract.
 Head of Agreement
(General and Fiscal Terms)

• Term and Relinquishments.

• Minimum Expenditure Commitment.
• Work Programme and Expenditures.
• Discovery, Development and Production.
• Cost Recovery and Profit Share Allocation.
• Taxation.
• Royalty and Bonuses.
• Title to Assets.
• Rights and Obligations.
• Management Procedure
• Termination.
• Books and Accounts and Audits.
• Valuation of Petroleum.
• Domestic Oil Requirement.
• State Participation.
 Head of Agreement
(Legal Terms)

• Force Mature
• Governing Law
• Consultation and Arbitration
• Banking
• Insurance
 GENERAL TERMS AND CONDITIONS OF
PRODUCTION SHARING CONTRACTS

The Salient Points of the Terms and Conditions of Production Sharing

Contract (PSC) are as follows:-

1. Data Fee - Payment within 20 days after Signing

of the Contract.
2. Study Period
-------------------------- Back Out Option ---------------------------

3. Signature Bonus - Payment within 20 days after entering

into the Exploration Period.
4. Exploration Period - 3 years with Seismic and Drilling
program.
5. Extension - 1 year x 2 times.
6. Development - 20 years for each Commercial
(Production) Period Discovery.
7. Royalty - 10% of Available Petroleum.
8. Cost Recovery - ( Onshore ) Maximum 40% of
all Available Petroleum.
 
- ( Offshore ) Maximum 50% of all
Available Petroleum for water
depth 600 ft or less.
 
Maximum 60% of all Available
- Petroleum for water depth
between 600 and 2000 ft.

- Maximum 70% of all Available

Petroleum for water depth
over 2000 ft.
9. Profit Petroleum Allocation - ( Onshore )
 

Crude Oil
 
( BBL / Day ) MOGE CONT
(%) (%)
0 - 25,000 60 40
25,001 - 50,000 65 35
50,001 - 100,000 70 30
100,001 -150,000 75 25
Above 150,000 80 20
Profit Petroleum Allocation - ( Onshore )
Natural Gas

MMCFD MOGE CONT

(%) (%)
Up to 150 60 40
151 - 300 65 35
301 - 600 70 30
601 - 900 75 25
Above 900 80 20
 Profit Petroleum Allocation - ( Offshore )

Crude Oil
  Water depth 600 ft or less Less than or Equal to 2000 ft Over 2000 Feet

( BBL / Day ) MOGE CONT MOGE CONT MOGE CONT

(%) (%) (%) (%) (%) (%)

0 - 25,000 60 40 60 40 60 40

25,001 - 50,000 65 35 65 35 65 35

50,001 - 100,000 80 20 80 20 75 25

100,001 -150,000 85 15 85 15 80 20

Above 150,000 90 10 90 10 85 15
 Profit Petroleum Allocation - ( Offshore )

Natural Gas
  Water depth 600 ft or less Less than or Equal to 2000 ft Over 2000 Feet

( MMCFD) MOGE CONT MOGE CONT MOGE CONT

(%) (%) (%) (%) (%) (%)

Up to 300 65 35 60 40 55 45

301-600 75 25 75 25 65 35

601-900 85 15 85 15 75 25

Above 900 90 10 90 10 80 20
10. Production Bonus - ( Onshore )
 
Crude Oil

Upon approval of Development Plan = 1.0 MMUS$

10,000 BOPD = 2.0 MMUS$
30,000 BOPD = 3.0 MMUS$
50,000 BOPD = 4.0 MMUS$
100,000 BOPD = 5.0 MMUS$
200,000 BOPD = 10.0 MMUS$
Production Bonus - ( Onshore )

Natural Gas

Upon approval of Development Plan = 1.0 MMUS$

60 MMCFD = 1.0 MMUS$
180 MMCFD = 2.0 MMUS$
300 MMCFD = 3.0 MMUS$
600 MMCFD = 4.0 MMUS$
900 MMCFD = 5.0 MMUS$
 Production Bonus - ( Offshore )
 
Crude Oil
 
Upon approval of Development Plan = 1.0 MMUS$
25,000 BOPD = 2.0 MMUS$
50,000 BOPD = 3.0 MMUS$
100,000 BOPD = 4.0 MMUS$
150,000 BOPD = 5.0 MMUS$
200,000 BOPD = 10.0 MMUS$
Production Bonus - ( Offshore )

Natural Gas

Upon approval of Development Plan = 1.0 MMUS$

150 MMCFD = 2.0 MMUS$
300 MMCFD = 3.0 MMUS$
600 MMCFD = 4.0 MMUS$
750 MMCFD = 5.0 MMUS$
900 MMCFD = 10.0 MMUS$
11. State Participation - Up to 20% after commercial discovery
and up 25% undivided interest if the
reserves are greater than 5 TCF.

12. Income Tax - 30% on Contractor's Net Profit.(3 years

Tax Holiday starting from the Production.)

13. Domestic - 20% of Crude Oil and 25% of Natural Gas

Requirement allocated to CONTRACTOR's at 10%
discount from International Fair Market
Price.

14. Training Fund - (Onshore)

Exploration Period = US$ 25,000 per yr.
Production Period = US$ 50,000 per yr.
(Offshore)
Exploration Period = US$ 50,000 per yr.
Production Period = US$100,000 per yr.
 
15. Research & Development - 0.5% of CONTRACTOR's share of
Fund Profit Petroleum.
16. Governing Law - Laws of the Union of Myanmar.
 

17. Arbitration - Myanmar Arbitration Act, 1944.

18. Rights and Obligations - Be responsible to pay to appropriate

authorities import duties, customs
duties, sales tax and other duties
levied on motor vehicles brought into
Myanmar for personnel use and for
field use by CONSTRACTOR, its
contractors and subcontractors. The
cost and expenses incurred shall be
Cost Recoverable as Petroleum
Costs under Section 9.4.
19. Sharing of Profits from the Sale or Transfer of Shares of the
Company
 If the Company formed under the provisions of the Contract sell or transfer
its Shares of the Company and if a Profit is being made, CONTRACTOR is
liable to pay to the Government of the Union of Myanmar the following
trenches out of the Profit made on the sale or transfer of the shares of the
Company :-
 
(a) If the amount of Net Profit is up to $100 million USD 40%
(b) If the amount of Net Profit is between $100 million and 45%
$150 million USD
(c) If the amount of Net Profit is over $150 million USD 50%
 Production Sharing Arrangement
(Before Cost Recovery)

Myanmar Foreign Oil Company

(MOGE) (Contractor)
Available Petroleum 100
- Royalty 10% 10
90
-Cost Recovery 50% 50 ( 42.5 )
40
-Profit Split
MOGE 60% 24 16
Contractor 40%
- Income Tax 30% + 4.8 - 4.8

11.2
- MOGE 15%Participation 1.68 9.52
- MOGE 15%Cost 7.50
Recovery
Total Receivable 47.98 52.02
 Production Sharing Arrangement
(After Cost Recovery)

Myanmar Foreign Oil Company

(MOGE) (Contractor)
Available Petroleum 100
- Royalty 10% 10
90
-Cost Recovery 0%
-Profit Split
MOGE 60% 54 36
Contractor 40%
- Income Tax 30% + 10.8 - 10.8

25.2
- MOGE 15%Participation + 3.78 - 3.78
Total Receivable 78.58 21.42
 PSC Application Procedure
• Interested Parties can make General Data Review at
MOGE free of charge.
• If required for detailed data review of specific block
or blocks, MOGE will charge US$ 25,000 per block
allowing 6 men 6 hours to study all available data in
the block.
• Interest party then prepare a proposal of Principle
Terms and Conditions and shall submit to Ministry of
Energy.
• Myanmar Negotiation Committee for Petroleum
Contracts review and assess the proposal.
• If improvement are required the interested company
will be informed of the out standing issues and invite
for negotiation
 PSC Application Procedure
(cont.)

• Once the principal terms and conditions has been

reached, the Draft PSC contract prepared and submit
to the Ministry of Energy.
• Negotiation Committee then seek the comment from
Attorney general office on the Draft Contract.
• The case together with the final PSC will be
submitted to Myanmar Investment Committee, Trade
Counsel and the Cabinet for necessary approvals.
• After gathering all approvals, PSC signing and the
Contractor shall commence the petroleum operation
in the awarded block.
 Current Activities of Foreign Oil Companies (Onshore)

Sr Block Company Country Type of

No Contract

1 D (Mahudaung) SIPC Myanmar Petroleum P.R.China PSC

Co,Ltd.

2 IOR-2 (Chauk Oil Field) GoldPetrol JOC Inc. Indonesia IPR

3 MOGE-1 (Yenanchaung Oil Field) GoldPetrol JOC Inc. Indonesia IPR
4 Mann Oil Field Myanmar Petroleum Resources British Virgin PCC
Limited Island

5 Htaukshabin/ Kanni Oil Field Focus Energy Ltd Switzerland MOD PCC
6 IOR-4 (Pyay Field) Chinnery Assets Ltd P.R.China IPR
7 M (Kyaukphyu) CNOOC /Golden Aaron/HQCEC P.R.China PSC
8 C-1(Indaw-Yenan) CNOOC /Golden Aaron/HQCEC P.R.China PSC
9 C-2(Shwebo-Monywa) CNOOC /Golden Aaron/HQCEC P.R.China PSC
10 L (Sitwee) Essar Oil Limited India PSC
11 B-2(Zebyutaung-Nandaw) Silver Wave Sputnik Russia PSC
 Current Activities of Foreign Oil Companies
(Offshore) Shallow Water Block

Sr Block Area Company Type of

No Contract

1 A-1 Rakine Offshore Daewoo / ONGC/ GAIL/ KOGAS PSC

2 A-2 Rakine Offshore Essar Exploration & Production PSC

South East Asia Ltd.
3 A-3 Rakine Offshore Daewoo / ONGC / GAIL/ KOGAS PSC

4 A-4 Rakine Offshore CNOOC / China Focus PSC

Development Ltd. / HQCEC
5 A-5 Rakine Offshore Rimbunan Petrogas Ltd.& UNOG PSC

6 A-6 Rakine Offshore MPRL PSC

7 A-7 Rakine Offshore Gail / Silver Wave Energy Pte.Ltd PSC

 Current Activities of Foreign Oil Companies
(Offshore) Shallow Water Block
Sr Block Area Company Type of
No Contract

1 M-1 Moattama Offshore Rimbunan & UNOG PSC

2 M-2 Moattama Offshore Petro Vietnam PSC

3 M-3/M-4 Moattama Offshore PTTEPI PSC

4 M-5/M-6 Moattama Offshore Total/ Unocal/ PTTEPI/ MOGE PSC

5 M-7/M-9/M-11 Moattama Offshore PTTEPI PSC

6 M-8 Moattama Offshore SUNTERA PSC

7 M-10 Moattama Offshore CNOOC / China Focus PSC
Development Ltd. / HQCEC
8 M-12/M-13 /M- Taninthayi Offshore Petronas Carigali Myanmar (H.K)/ PSC
14 Nippan Oil/PTTEPI/MOGE
9 M-15 Taninthayi Offshore PCM II PSC

10 YEB Taninthayi Offshore Danford Equities Corporation PSC

 Current Activities of Foreign Oil Companies
(Offshore) Deep Water Block

Sr Block Area Company Type of

No Contract
1 AD-1/AD-6/ Rakine Offshore CNPC PSC
AD-8
2 AD-2/AD-3/ Rakine Offshore ONGC Videsh Ltd. PSC
AD-9
3 AD-7 Rakine Offshore Daewoo PSC
 Major Discoveries and World Class
Projects in Myanmar

- Yadana Natural Gas Project

- Yetagun Project
- Rakhine Block A-1 Development
and Production Project
- Block M-9 Natural Gas Project
 Yadana
Natural
YadanaGas
Field of
Natural Gas
Moattama
Field of
Offshore
Moattama
Area
Offshore
Area
Yadana Natural Gas Field of
Moattama Offshore Area
 YADANA GAS PROJECT
LOCATION : MOATTAMA OFFSHORE
BLOCKS : M-5 / M-6
SELLERS : TOTAL 31.24 %
UNOCAL 28.26 %
PTTEP 25.50 %
MOGE 15.00 %
BUYER : PTT Plc
RESERVES : 6.5 TCF
EXPORT DCQ : 525 MMCFD
DOMESTIC GAS : 125 MMCFD
OFFSHORE FACILITIES : WELL HEAD PLATFORM 1 ( 7 WELLS )
WELL HEAD PLATFORM 2 ( 7 WELLS )
PRODUCTION PLATFORM
LIVING QUARTER PLATFORM
FLARE PLATFORM
ONSHORE FACILITIES : PIPELINE CENTER
METERING STATION
PIPELINES : 216 MILES 36” PIPELINE ( OFFSHORE )
39 MILES 36” PIPELINE ( ONSHORE )
START OF GAS EXPORT : 1998
INITIAL PROJECT COST : 1200 MM$
Yetagun Natural Gas Field of
Taninthayi Offshore Area
 Yetagun Natural Gas Field of
Taninthayi Offshore Area
YETAGUN NO. 2 YETAGUN EAST NO. 1
D ep th (fe et)

East-West structural cross-section of the Yetagun Field

 YETAGUN GAS PROJECT

LOCATION : TANINTHARYI OFFSHORE

BLOCKS : M-12 / M-13 / M-14
SELLERS : PETRONAS 40.75 %
NIPPON 19.40 %
PTTEP 19.40 %
MOGE 20.45 %
BUYER : PTT Plc
RESERVES : 4.16 TCF
EXPORT DCQ : 400 MMCFD
( ABOUT 30 BL CONDENSATE / MMCF )
OFFSHORE FACILITIES : - DRILLING PLATFORM ( 6 WELLS +4 ADDITIONAL)
- PRODUCTION PLATFORM
- FSO
ONSHORE FACILITIES : - PIPELINE CENTER
- METERING STATION
PIPELINES : - 126 MILES 24” PIPELINE ( OFFSHORE )
- 42 MILES 24” PIPELINE ( ONSHORE )
START OF GAS EXPORT : 2000
INITIAL PROJECT COST : ABOUT 700 MM$
Block A-1&
A-3 of
Rakhine
Offshore
Area
Block A-1 of Rakhine Offshore Area

SHWEPYU

SHWE

NGWE

SHWE - 1
 Block A-1 and A-3 Prospects

Block A-1 (Shwe Phyu Discovery)

Shwe Nilar 1

Block A-1 (Shwe Discovery) Shwe Nilar 2

Block A-3 (Mya Discovery)

Shwe Discovery

Shwe Phyu Discovery

Shwe Nilar Prospect

Ngwe North Prospect Block A-3

RESERVES : 1.5 ~ 3.9 TCF
Mya Discovery
 Shwe Discovery in Block A-1 by Daewoo (in 2004)
Location - Rakhine Offshore of Myanmar
Type of contract - Production Sharing Contract
Date of contract - August 4, 2000
Max Gas Flow Rate - 32 mmcfd (Shwe Well 1A – 2004 Jan)
Estimated Gas Reserves - 4.2 TCF – 5.8 TCF

The partners in A-1 / A-3 and their

interests
A-1
- Daewoo (Operator, Korea) 60 %
- ONGC Videsh (India) 20 %
A-3 - Gas Authority of India Ltd. (GAIL) 10 %
- Korea Gas Corporation (Korea) 10 %
Block A-1 of Rakhine Offshore Area
Block A-1 of Rakhine Offshore Area
 Gas Discoveries in Blocks A-1 / A-3 by Daewoo

RESERVES (Shwe / Shwe Phyu / Mya) : 4.532 TCF (Best Estimate)

• Recent gas discoveries in Block A-1 & A-3 proved the commercial gas accumulation in
Rakhine offshore area.
• It will become another gas project playing an important role in oil & gas sector of
Myanmar.
Moattama Offshore Block M-9

M-9W: 23 TCF M-9C: 7 TCF M-9E: 13 TCF

 Location map of Prospects in Block M-9

The second drilling campaign focused only on M9 to evaluate HC potential in

three areas, M9W, M9C and M9NE with the encouraging drilling plan of 7 wells
by end 2007.
Zatila # 1 drilled in western part of Block M-9 discovered and some amount of
condensate and gas.
Thank You For Your Attention