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Total due stake in block offshore Myanmar

Total has agreed to acquire a 40% interest in the production sharing contract for Block M-11 in the Martaban basin offshore Myanmar from PTT Exploration & Production PLC of Thailand.

PTTEP will remain operator of the block, which covers 5,373 sq km with water depths of 200-2,300 m. Block M-11 adjoins to the south Block M9, where PTTEP is developing its Zawtika natural gas discovery (OGJ Online, Aug. 15, 2007).

The exploration phase of the M-11 contract calls for the drilling of a well by the third quarter of 2013.

The blocks are between Yadana and Yetagun gas fields in the Andaman Sea.


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http://www.ogj.com/content/ogj/en/articles/2012/09/total-due-stake-in-block-offshore-myanmar.html