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INTRODUCING MYANMAR’S OFFSHORE OIL & GAS ARENA
THAN TUN (DIRECTOR-OFFSHORE) MYANMA OIL & GAS ENTERPRISE
MINISTRY OF ENERGY
CONTENT
• Production
• Current Exploration Status and Appraisal Drilling
• Key Projects in Myanmar Offshore
• Basic PSC Model
• Challenges and lesson learnt
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
500000
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2004
YDNA
YTG
SHWE
Total
GAS PRODUCTION
DAEWOO(A1/A3) SHWE PRODUCTION STARTED ON 15 July 2013 CURRENT – 400 MMCFD, DCQ 500 MMCFD ( 100 Dom + 400 Export), in 2015 PTTEPI(M-9) ZAWTIKA PRODUCTION STARTED ON 15 Mar 2014 (Dom) / 5 Aug (Export) CURRENT – 345 MMCFD, DCQ (100 Dom + 240 Export)
YRA
RLY
PR
OD
UC
TIO
N IN
MM
CF
Total Daily Average Production = 2000 mmcf/d Export – 1650 mmcfd, Dom -350 mmcfd
DCQ- 565 MMCF
DCQ- 400 MMCF
DCQ- 500 MMCF
ZTK DCQ- 340 (MMCF) 2014
0
500
1000
1500
2000
2500
2009 2014 2017 2020
ZAWTIKA
SHWE
YETAGUN
YADANA
LAND
0
500
1000
1500
2000
2500
2009 2014 2017 2020
ZAWTIKA
SHWE
YETAGUN
YADANA
LAND
FUTURE MYANMAR GAS PRODUCTION FORECAST
1280
2000 2080
> 2250
DA
ILY
GA
S V
OL
UM
E (
millio
n c
u f
t )
Additional Gas In
(M-3+M9)
Additional Gas In
(A3)
YEAR LAND YADANA YETAGUN SHWE ZAWTIKA TTL
2009 80 800 400 0 0 1280
2014 60 850 390 400 300 2000
2017 80 850 300 500 350 2080
2020 100 800 250 600 500 2250
Additional Gas In
(M6E)
CURRENT EXPLORATION STATUS
PSC Company Block Status
Daewoo A1, A3 Develop/Expl
AD7 Exploration
MPRL A6 Exploration
Petro Vietnam M-2 Exploration
PTTEPI M3/ M11 Exploration
M9 Develop/Expl
MD-7/MD-8 Study
TEPM M5,M6 Prod/Expl
PCML M12, 13, 14 Prod/Expl
CNPC AD-1, 6, 8 Exploration
7 Companies, 18 Blocks
26 Shallow-water
25 Deep-water
2014-15 EXPLORATION WELLS PROVEN RESERVES
GAS - 20 Tcf CONDENSATE – 85 MMSTB
OFFSHORE PROSPECTS
• CNPC - 2 Wells
• PVEP - 1 Well
• TEPM - 1 Well
• PCML - 1 Well (Drilled)
SEISMIC SURVEY PROGRAM
In M-11, 3D Seismic 2700 Sq.Km will be acquired in 2015
New PSC blocks seismic Survey will be started in 2015.
To organize to smooth Seismic Operation of PSC operators to meet target schedule .
About 65% of Shallow
area have proven HC
EXPLORATION DRILLING
In Block M-6, TEPM is studying all the
Prospects for exploration drilling.
In 2015, some exploration wells will be
Drilled in M-6 East Pliocene Prospect
and 3CA Carbonate Trend
In Block A-6, MPRL is preparing
to drill deep-water prospect at
about 2000m water depth.
Target is Pliocene channel
complex Sandstone.
Prospect size is about 110 SqKm
APPRISAL DRILLING BY PTTEPI
In Block M-3, 5 Appraisal Wells will be drilled to confirm commercial reserves of ASK Area. Development plan in progress. In Block M-9, 10 Appraisal Wells will be drilled to prolong ZTK Production to meet GSA
Miocene Carbonate Build-up
Estimated Gas Reserves 1 - 1.5 Tcf
KEY PROJECTS IN MYANMAR OFFSHORE
YADANA ( M-5/6) , Operator – TEPM
Started Production Since – 1998
Producing wells – 15 Nos
Production – 900 MMcfd
Plateau Period up to 2017
Recovery - 56%
Badamyar Project will be started very near
Future, Expected 1st Gas in 2017
YETAGUN ( M-12/13/14), Operator – PCML
Started Production Since – 2000
Producing wells – 11 Nos
Production – 350 MMcfd
Plateau Period will be finished soon
Recovery - 58%
Yetagun(N), Drilled 2 wells & start production
Plan to be drilled in-fill wells in next year
Under study for future exploration in M-12
Yetagun(N)
YADANA LAYOUT
BADAMYAR
(4 Wellhead Platforms + Sea line)
Zawtika Phase 1B
KEY PROJECTS IN MYANMAR OFFSHORE
SHWE( A-1/A-3), Operator – DAEWOO
Started Production Since – July,2013
Producing wells – 5 Nos
Production – 400 MMcfd
Plateau Period – 11 Years
DCQ 500 MMcfd will be started in Jan, 2015
Development wells drilling in progress
Under study for future exploration in A-3 deep
ZAWTIKA(M-9), Operator – PTTEPI
Started Production in Mar,2014 / Aug,2014
Producing wells – 21 Nos
Production – 345 MMcfd
Plateau Period – 6 Years
Development wells drilling in progress
Under study for future exploration in M-9 W
ZTK Phase 1B, EPCIC in progress
PSC MODEL
• PSC periods can be divided into: (1) Preparation Period ( 6months )
(2) Study Period ( 6 – 12 months or 2 Yrs for Deep)
(3) Initial Exploration Period (3 Years)
(4) Extended Exploration Period (1Yr+ 1 Yr)/ (2Yrs+ 1 Yr)
(5) Production Period ( 20 Yrs and above )
State Participation – 20% to 25%
Contractor should be performed as you committed in your proposal, if not MOGE has right to terminate according to the PSC.
Production Split
(Shallow Water ,<= 600ft) & ( 600 ft to 2000 ft, Deep Water)
(MOGE - Contractor)
60% - 40% up to 90% - 10 % Split depending on
Daily Oil & Gas Production
(More than 2000 ft, Deep Water)
(MOGE - Contractor)
55% - 45% up to 80% - 20 % Split depending on
Daily Oil & Gas Production
INTERNATIONAL BIDDING STATUS
OFFSHORE BLOCKS TO BE AWARDED - 20 OPEN BLOCKS - 13 UNDER OPERATION - 18
Prepare for Contract Signing in progress Initial Environmental Examination IEE/ ESIA have to be initiated within 6 months in preparation period followed by Exploration activity
Exploration is Necessary & Domestic requirement is priority
Do we need more exploration in Myanmar ?
Yadana
7/1998
Yetagun
4/2000
Shwe Zawtika
7/2013 3/2014
Current Production 2000 MMcfd
After 2017
Discovery is our objective
At lease 7 to 8 years to reach Production stage
Production Plateau Period based on size of reservoir
Increase in Demand Every year
390 MMcfd
725 MMcfd
Production With Normal Decline
CHALLENGES AND LESSON LEARNT
• WEATHER WINDOWS IN MYANMAR
• PROCESS TENDER AND APPROVAL
• QUALIFY CONTRACTOR FOR OPERATION
• PROCESS OF LONG-LEAD ITEMS
• GOOD MANAGEMENT TEAM
• COOPERATE WITH LOCAL RESPONSIBLE
PERSONS BEFORE OPERATION