PTTEP Finds Natural Gas in Two More Wells at M9 in Myanmar

PTTEP has found more natural gas in the Union of Myanmar. The company is confident that M9 Block has high potential and is preparing to drill one exploration well and 4-5 appraisal wells to confirm the petroleum reserves.

PTTEP President Mr. Maroot Mrigadat said that the drilling campaign at exploration wells Gawthaka-1 and Kakonna-1 in the Gulf of Mataban have been completed successfully and that natural gas has been found in both wells.

Drilling campaign at Gawthaka-1 in the north of M9 started on January 13, 2007. The company drilled to the dept of 3,380 meters and found 5 zones of natural gas bearing formations with combined net pay of 56 meters. Gas flow tests using tubing stem test (TST) technique conducted in two zones. Due to some technical problems on the equipment, it found flow rate of only 15 million standard cubic feet of gas per day (MMSCFD). At Kakonna-1 well, the drilling campaign started on February 7, 2007 and reached the dept of 3,391 meters. It found natural gas bearing formation in 8 zones with combined net pay of 77 meters. Again, tubing stem test technique was used in two zones and found gas flow rate of 30 MMSCFD.

PTTEP first struck natural gas at M9 Block in early 2007 when it found natural gas at Zawtika-1A well. The test results of the first well together with the two newly drilled wells made the company confident in the natural gas potential on the eastern area of M9 Block. In the near future, PTTEP will drill exploration well Zawtika-2 and 4-5 appraisal wells to confirm the petroleum reserves. It will also lay down plans to develop the natural gas in the area with the aim to start production in 2011 or 2012 for local use and for export to Thailand.

M9 Block is in the Gulf of Mataban in the Union of Myanmar about 300 kilometers 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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