Apr 2021: Petronas (operator, 49%), MOGE (20.5%) and Nippon (19.3%) have declared force majeure on the Yetagun field, in Andaman Sea, Blocks M12, M13 and M14, due to a decline in well deliverability. It has ceased production until further notice. In February 2021 workers were stranded on the field after the military coup in Myanmar.
Jun 2020: Imports of LNG have begun. Petronas has made 2 deliveries from Bintulu to Yangon as part of an agreement between Petronas LNG and CNTIC Vpower. The import facility is on the Yangon River close to the former capital and includes a floating storage unit (FSU) to supply electric power plants. Electricity is currently produced primarily by hydroelectricity.
Feb 2020: Posco International has discovered a new gas field in Block A3 at the Shwe natural gas project in its Mahar-1 exploration well. They plan to drill 2 appraisal wells in 2021.
Jan 2020: Total (operator, 40%), Woodside (40%) and MPRL (20%) will develop the Block A-6 project in the Rakhine basin. It will be Myanmar’s first ultra deepwater development in water depths of up to 2,300m.
Dec 2019: Woodside advises that the A-6 Development has entered its pre-FEED phase within the Southern Hub. The development includes drilling 10 deep water wells (6 in Phase 1 and 4 in Phase 2) in up to 2,300m water depth. These will be linked to a subsea gathering system with gas sent up the continental shelf slope to a shallow water processing platform. It will then be exported via a 240 km pipeline to a riser platform near Yadana field.
Jun 2018: Daewoo awarded an EPIC contract for further development of the Shwe gas field covering an 8-subsea-well tie-back to the existing Shwe platform. Final delivery is scheduled for 2022. The development consists of the Shwe, Shwe Phyu and Mya offshore gas fields in blocks A-1 and A-3.
Sep 2017: Goldpetrol JOC signed supplemental agreements with Myanma Oil and Gas Enterprise (MOGE) for an 11-year extension of the Improved Petroleum Recovery Contracts for the Chauk and Yenangyaung fields. An update on reserves and resources for both fields will now be carried out.
Aug 2017: Woodside (joint-operator, 40%) and MPRL (joint-operator, 20%) discovered gas in the Pyi Thit-1 well in Block A-6 in the Southern Rakhine Basin. This follows finds at the Shwe Yee Htun-1 well in Block A-6 in 2015 and the Thalin-1A well in Block AD-7 in 2016. Total holds the remaining 40%.
May 2017: Total (operator, 31.2%) started up production from the Badamyar project as an extension of the Yadana gas field. The project includes a new wellhead platform connected to Yadana and the drilling of 4 horizontal wells. Partners are Chevron-Unocal (28.3%), PTTEP (25.5%) and MOGE (15%).
Apr 2017: Woodside reported gas flows at the Thalin-1B appraisal well in Block AD-7, a re-entry and side-track of Thalin-1A, spudded in February. Thalin-1B will be followed by the Thalin-2 appraisal well. The 2017 drilling campaign now comprises 2 appraisal wells in AD-7 and 3 exploration wells and 2 contingent wells in A-6 and AD-7.
Oct 2016: PT Gunanusa Utama Fabricators (PTG) has won 2 contracts totalling US$305 mm from PTTEP for 4 offshore wellhead platforms and tie-ins (Lots 1 and 2) for the Zawtika Development Project Phase 1C. Project completion is expected in 2Q 2018.
Aug 2016: Woodside, after discovering gas in its offshore Shwe Yee Htun and Thalin wells in Blocks A-6 and AD-7, will drill at least 2 exploration and 2 appraisal wells in its 4 licenses in 2017.
Aug 2016: PTTEP has ramped up production from the fourth wellhead platform on the Zawtika project and drilling is under way of production wells for the seventh wellhead platform for Phase 1B.
Feb 2015: The Thalin-1A exploration well in Block AD-7 in the Rakhine Basin has discovered gas in a water depth of 836m. Thalin-1A is located in the northern part of the Rakhine Basin 60km west of the producing Shwe Field. Woodside (40%) is drilling operator with Daewoo (60%) operations operator.
Jan 2015: The Shwe Yee Htun-1 deep water well in Block A-6 in the Rakhine Basin has discovered gas. The well targeted a channel complexes overthe Saung Anticline. Woodside (40%) is joint operator with MPRL E&P (20%). Total holds 40%.
Apr 2015: Myanmar is close to signing the remaining 5 PSCs (out of 20) offered under the 2013 Offshore Bidding Round and activities are expected to pick up in November 2015 after the monsoon. The Ministry of Energy awarded 10 of the 11 shallow water blocks and 10 out of 19 deep water blocks offered in the tender.
Mar 2015: Woodside signed PSCs for blocks AD-2, AD-5, A-4 and A-7 awarded in the 2013 Offshore Bid Round. Woodside is operator of blocks AD-5 (55%) and A-7 (45%) in the southern Rakhine Basin and a partner in blocks AD-2 and A-4 (both 45%) in the northern Rakhine Basin. BG is operator. Woodside now holds interests in 6 blocks.
Jan 2015: PTT is reportedly appraising its M-3 project and is unlikely to make an FID for several years. Six appraisal wells began drilling in 2014. PTT has said it 2015 expenditure would be US$4.8 bn, 20% in SE Asia, mostly in Myanmar including maintaining Zawtika, appraising M3, and exploration in several other Myanmar PSC’s.
Aug 2014: PTTEP announced that the Zawtika Project in Block M9 and a part of Block 11 in the Gulf of Martaban has commenced gas exports to Thailand. PTTEP, the operator (80%) with MOGE (20%), is ramping up production to a rate of 2.5 bcm each year as stipulated in the Gas Sales Agreement. The project began delivering natural gas for domestic use in March 2014, at a rate of 0.6 bcm each year.
Jul 2014: CNPC imported 1.87 bcm of gas through the China-Myanmar pipeline in its first year from the Shwe fields off Rakhine. The pipeline runs 2,400 kms through Myanmar to Kunming in China. It will be able to carry up to 12 bcm of gas a year at full capacity. A parallel pipeline due to come onstream later in 2014 will carry up to 440,000 bbls of oil a day. The gas pipeline also supplied 0.060 bcm of gas to Myanmar.
Mar 2014: Majors including Shell, Statoil, ConocoPhillips and Total won PSC rights to explore for offshore oil and gas according to the Ministry of Energy. Myanmar has awarded 10 shallow water blocks and 10 deep water blocks in an auction process that began in April 2013. Winners of shallow water blocks will need to work with a registered local partner.
Sep 2013: Eni, Petronas, ONGC, Petroleum Exploration (PVT) and Pacific Hunt each won contracts to operate two blocks out of 16 onshore blocks awarded. Thirteen of the 16 contracts are PSCs and the rest are petroleum recovery contracts.
Aug 2013: Daewoo will boost production at the Shwe (Gold) gas project, including the Shwe, Shwe Phyu and Mya fields. The company began producing from Mya North in July, currently at 1.2 bcm per year from 4 wells drilled in 2012. This should be increased to over 5 bcm by the end of 2014. The gas is sold to CNPC through a pipeline to the border province of Yunnan. Daewoo is operator with 51%, along with Myanma Oil & Gas (15%), ONGC (17%), Gail (8.5%) and Kogas (8.5%).
Aug 2013: PTTEP is expected to start gas production from Block M-3 by 2018 (GS notes: this will probably will be delayed by at least a year). The block contains one discovery, Aung Sinkha drilled in 2011, which flowed gas and condensate on test. Appraisal drilling began in 2013 and 3 wells have been completed. Development will be similar to the Zawtika project currently being developed by PTTEP with a fixed processing platform connected via subsea pipeline to shore.
Jul 2013: Interra announced that Goldpetrol has completed drilling infill well YNG 3255 in the Yenangyaung oil field. Interra has a 60% interest in the Improved Petroleum Recovery Contract of the field and also owns 60% of Goldpetrol which is operator. YNG 3255, the sixth well drilled in Yenangyaung, has been completed at 75 bbls of oil per day from 8 reservoirs.
Jul 2013: Interra reports that Goldpetrol Joint Operating Company has commenced drilling CHK 1170 in the Chauk oil field. Interra has a 60% interest in the Improved Petroleum Recovery Contract of the field and also owns 60% of Goldpetrol. The well is designed to accelerate production from reservoirs that produce from CHK 1166, completed in March and producing 110 bbls of oil per day.
Jun 2013: CNPC has completed construction of a natural gas pipeline to China and is close to finishing an oil pipeline. Originally, the gas pipeline was due to start up at the end of May and the oil pipeline was set to begin operation in 2014. The gas pipeline will bring gas from the Shwe fields off the coast of Rakhine in the Bay of Bengal to China's south-western Yunnan province.
Apr 2013: Myanmar's Ministry of Energy will open bidding in June in 11 shallow and 19 deep water blocks. The bidding round will be the third opportunity for companies to enter Myanmar's oil and gas sector since 2011 and the second since sanctions were eased due to democratic reforms. In January, the ministry invited bids for licences for 18 onshore blocks.
Mar 2013: Myanmar plans to put over 20 offshore exploration blocks up for auction by April. It produces substantial gas but exports 80% to Thailand. A new pipeline to China will export additional gas, leaving the country with only half its domestic needs. In 1998 and 2000, when it made its first offshore gas discoveries, demand was low and even today, 6nearly 70% of energy consumption comes from biomass. Offshore blocks have greater potential than the 18 onshore blocks the Ministry of Energy placed on auction in January.
Feb 2013: Petronas will install a new wellhead platform on the Yetagun North field in 108m water depth. The field is operated by Petronas Carigali, Myanma Oil and Gas Enterprise, PTTEP International and JX Nippon.
Dec 2012: Pipelay is under way offshore Myanmar to take natural gas 230 kms from the Zawtika field to shore. The field is operated by PTTEP International.
Oct 2012: Woodside is farming in to 40% of the PSC for Block AD-7 in the Rakhine Basin, in the western offshore area of Myanmar. Daewoo will remain operator and will undertake a 3D seismic survey over 2013 to 2014. An exploration well may be drilled in a subsequent exploration period. The Rakhine deep water basin is a frontier exploration area and Block AD-7 is adjacent to the Daewoo-operated Shwe gas field development.