Myanmar's offshore Block A-1 may have huge potential reserves

Jan 20, 2003 01:00 AM

The joint venture exploring Myanmar's Block A-1 reported that there is a possibility the block contains as much as 22 tcf of natural gas.
India's Financial Express said that the Gas Authority of India (GAIL), one of the joint venture partners, informed India's Minister of Petroleum and Natural Gas Ram Naik of the huge potential reserves.

According to the report, a letter was sent to Naik stating that the A-1 prospect contains 907 bn cm (32 tcf) of gas reserves, with 625 bn cm (22 tcf) of those reserves recoverable. The letter added that if these huge gas reserves can be confirmed through exploration, they will be able to sustain peak production of approximately 2.1 bn cfpd of gas for 20 years.
GAIL and the ONGC overseas arm ONGC Videsh are participants in the A-1 Block joint venture with South Korea's Daewoo. So far, their reserves prediction is based solely on having identified three structural prospects and one lead in new interpretations of both recent and reprocessed old seismic data. No drilling has occurred on the block to date.

The Financial Express said that GAIL is now conducting a feasibility study to determine the practicality of laying a 550-600 km offshore pipeline from Block A-1 to India through Bangladesh's equatory to help satisfy India's huge and growing demand for natural gas, now at almost 2.3 bn cfpd. Should the Bangladesh route not prove possible, a far more expensive route avoiding Bangladesh territory would traverse the Bay of Bengal seafloor at depths as great as 6,560 ft.
Daewoo is the operator of Block A-1 with 60 % interest. ONGC holds $ 20, GAIL 10 %, and Korea Gas 10 %.

Source: OGI
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