PTTEP to start exploring two offshore blocks next year

Myeik—Thailand-based PTT Exploration and Production Public Co Ltd (PTTEP) will start exploration work in the M9 and M11 offshore blocks in the Gulf of Martaban next year.

The blocks are located 250 kilometres from Dawei and 270 kilometres from Myeik, respectively. The company held a public meeting to explain the upcoming exploration work on August 29. However, only a handful of people attended the meeting, including government staff, some civil society organisations and other invitees.

“The exploration work in M11 will start after February 2018, and M9 will start in October next year. The investment into each the blocks will not be the same. The blocks are part of the Zawtika natural gas project, and the government will reap 20 per cent of the benefits.

We signed the contract with PTTEP for M9 in 2003 and M11 in 2005. We found natural gas in the blocks, and if we find oil, we will produce it, too,” said representative Nay Aung from the Myanma Oil and Gas Enterprise (MOGE).

Source: Eleven