PTTEP Discovers More Gas in Myanmar

Recently, H.E. U Than Htay, the Minister of Energy of the Union of Myanmar (Center) and Mr. Kanok Intharawijitr, General Manager PTTEP International Ltd. a subsidiary of PTT Exploration and Production Plc. or PTTEP jointly opened the testing valve on the drilling rig of the exploration well Aung Sinkha-2 in Mataban Gulf, Union of Myanmar, to examine the natural gas and condensate flow rate of M3 Block which shown substantial gas flow. The flow tests were conducted on two zones with a natural gas maximum flow rate of approximately 25 million standard cubic feet per day (MMSCFD) with the condensate flow rate of approximately 150 barrels per day and calculated Absolute Open Flow (AOF) rate of approximately 53.5 million standard cubic feet per day. (MMSCFD)
 

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Brent Crude Oil : $53.87/BBL 0.48%
Light Crude Oil : $50.73/BBL 0.79%
Natural Gas : $3.33/MMBtu 2.14%
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