Myanmar: MPRL finds gas through Shwe Yee Htun -1 well, offshore A-6

British Virgin Islands- registered MPRL E&P company announced a discovery of gas in Shwe Yee Htun – 1 well in block A-6 where MPRL and Australia’s Woodside is operating the offshore ground.

The approximate gas column is 129 meters and 15 meter of net gas pay at a depth of 17,408 feet. The offshore block A-6 is located at the southern Rakhine basin which has had production sharing contract and exploration with the Myanma Oil and Gas Enterprise since 2007.

“I am very pleased and proud that MPRL E&P as a company with limited resources under a difficult business environment succeeded first to unravel a new petroleum play in a frontier basin, then to interest international oil companies in our effort and finally to contribute to bring the project to what could be a world-class play. MPRL E&P is now looking forward to further evaluating this discovery with the help of Woodside and Total, with the aim to prove commerciality of the discovery for the mutual benefit of all stakeholders, including fist and foremost the people of Myanmar,” said U Moe Myint, CEO of MPRL.

The presence of 20 feet of net gas was confirmed in 2012 when MPRL drilled Pyi Thar-1 in 691 feet water depth. In 2013, Woodside E&P farmed into the block as a joint operator and Total E&P Myanmar again in 2015.

Both Woodside and Total holds 40 per cent interests while MPRL E&P operates the government liaison of the block with 20 per cent.

The found of gas was confirmed through pressure measurements and gas sampling. “Evaluation of the data is still ongoing,” MPRL announced.

“This exploration well was spudded on 27 November 2015 and will now be abandoned as planned.”

MPRL is currently operating Mann Field, IOR 4 and IOR 6 which are onshore blocks and A6 which is an offshore field.

Other non-operated joint venture works that involve MPRL include British multinational oil and gas company, BG Group operator of offshore block A-4 and Woodside Energy, operator of A-7. MPRL is also partnering with Italy’s ENI for onshore block RSF-5 and PSC-K.

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.