USD 93.2519

-0.19

EUR 99.3648

-0.21

Brent 87.12

-0.08

Natural gas 2.069

0

725

Yetagun field

Its an offshore gas field in the Andaman Sea.

Yetagun field

Yetagun is Myanmar’s 2nd offshore oil deposit, was discovered in 1992.
The field development activities started in 1996.
Construction of pipeline and associated facilities were performed in 1998 and 1999.
Commercial production started in May 2000 with 14 production wells..

Natural gas deposit at the Yetagun field are located in M-12, M-13 and M-14, which are shallow water blocks located in Mottama, at the Tanintharyi offshore area.
The field is 24000 sq. km wide and it is estimated to hold 4.16 trillion cubic feet of natural gas reserves.

The project is currently producing some 44,000 million standard cubic feet (MMscf) of gas per day.
Those levels are expected to gradually decline over the next three years and finally cease in 2023.

Malaysian Petronas has been the operator of the Yetagun gas project since 2003, where it holds 40.9% participating interest together with its affiliate:
  • Myanma Oil and Gas Enterprise holds 20.5%
  • Japan’s Nippon Oil Exploration 19.3%
  • Thailand PTTEP International remaining 19.3%
The companies are able to drill at Yetagun until 2030.
All the natural gas produced from Yetagun is exported to Thailand.