Indian company to explore more gas off western Myanmar coast
Thursday, 27 September 2007
YANGON, Sept. 26 (Xinhua): India's state-run Oil and Natural Gas Corporation (ONGC) Videsh Ltd has signed production sharing contracts with Myanmar to explore natural gas in three deep-sea blocks in Myanmar's western Rakhine offshore areas, official press media reported today.
According to the contracts signed in Nay Pyi Taw with the state- run Myanmar Oil and Gas Enterprise (MOGE) during a visit to Myanmar of Indian Oil Minister Murli Deora, gas exploration will be conducted at blocks AD-2, AD-3 and AD-9 off the Rakhine coast.
ONGC is among one of the share holders having 20 per cent in a consortium headed by South Korea's Daewoo International Corporation (60 per cent) undertaking gas exploration at blocks A- 1 and A-3 off the same Rakhine state. The others include South Korea Gas Corporation (10 per cent) and Gas Authority of India Ltd (GAIL) (10 per cent).
Gas deposits were found at Shwe field and Shwephyu field at block A-1 and Mya field at block A-3 in 2004 and 2005 respectively. In December last year, the GAIL of India and the Silver Wave Energy of Singapore agreed with the MOGE on contract to conduct oil and gas exploration and production at Block A-7 also in the Rakhine offshore area.
Myanmar has abundance of natural gas resources especially in the offshore areas. With three main large offshore oil and gas fields and 19 onshore ones, Myanmar has proven recoverable reserve of 18.012 trillion cubic-feet (TCF) or 510 billion cubic- meters ( BCM) out of 89.722 TCF or 2.54 trillion cubic-meters (TCM)'s estimated reserve of offshore and onshore gas, experts said.
According to the contracts signed in Nay Pyi Taw with the state- run Myanmar Oil and Gas Enterprise (MOGE) during a visit to Myanmar of Indian Oil Minister Murli Deora, gas exploration will be conducted at blocks AD-2, AD-3 and AD-9 off the Rakhine coast.
ONGC is among one of the share holders having 20 per cent in a consortium headed by South Korea's Daewoo International Corporation (60 per cent) undertaking gas exploration at blocks A- 1 and A-3 off the same Rakhine state. The others include South Korea Gas Corporation (10 per cent) and Gas Authority of India Ltd (GAIL) (10 per cent).
Gas deposits were found at Shwe field and Shwephyu field at block A-1 and Mya field at block A-3 in 2004 and 2005 respectively. In December last year, the GAIL of India and the Silver Wave Energy of Singapore agreed with the MOGE on contract to conduct oil and gas exploration and production at Block A-7 also in the Rakhine offshore area.
Myanmar has abundance of natural gas resources especially in the offshore areas. With three main large offshore oil and gas fields and 19 onshore ones, Myanmar has proven recoverable reserve of 18.012 trillion cubic-feet (TCF) or 510 billion cubic- meters ( BCM) out of 89.722 TCF or 2.54 trillion cubic-meters (TCM)'s estimated reserve of offshore and onshore gas, experts said.