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.