By OGJ editors
HOUSTON, June 23 -- South Korea's Daewoo International Corp. and its partners have made a natural gas discovery on A-3 Block off Myanmar.
The Mya-1 well cut a 32-m gas column and flowed 57.6 MMcfd of gas on test.
Mya-1 could be another giant gas find, with an estimated 2 tcf of gas reserves in-place, Daewoo said. The discovery adds to the success at Shwe and Shwe Phyu gas fields on adjacent A-1 Block in the Rakhine basin, with 4-6 tcf of gas reserves (OGJ Online, Oct. 17, 2005, Newsletter).
Daewoo, operator of A-3, holds a 60% stake in both the A-1 and A-3 Blocks. India's Oil & Natural Gas Corp. holds 20% and Gas Authority of India Ltd. and Korea Gas Corp. have 10% each.
A development plan on how best to exploit the A-1 and A-3 gas will be made after completion of the current drilling campaign, sources said.
Some development options being considered are pipeline exports to either India or China or to neighboring Thailand, as well as LNG and compressed natural gas projects.
India and China are both courting Myanmar in an attempt to be granted rights to import Daewoo's discovered gas.