PTTEP Finds Gas with Zawtika-5 Offshore Myanmar

PTTEP reports that the Zawtika-5 appraisal well reach a total depth of 2,527 meters and encountered seven zones of natural gas bearing formation with a total thickness of 100.5 meters. The flow rate tests (Tubing Stem Test) were conducted on two zones indicating maximum natural gas flow rates of approximately 38.36 million standard cubic feet per day (MMSCFD) and 33.12 MMSCFD, respectively. The combined flow rate of the two zones is 71.48 MMSCFD.

The successful result of the appraisal well Zawtika-5 affirms the commercial potential of natural gas in Zawtika area. PTTEP will prepare a development plan for future production in M9 Block.

PTTEP is operator of Block M9 and holds a 100% stake in the block. The block is located in the Gulf of Mataban approximately 300 kilometers south of Yangon.

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