UNOCAL EXPLORING ACREAGE IN MYANMAR

Unocal Myanmar has moved to evaluate oil potential of its 6,200 sq km concession in Central Myanmar, formerly Burma, by spudding the first of two wildcats there last month. Unocal's first well will probe the Kandaw prospect in the northeast corner of Block F. The second, to spud about 2-1/2 months after completion of the first, will test the Leya prospect in the northwest portion of the block. Unocal Myanmar Resident Manager Ken Bradley said the tract's oil potential is quite promising,

May 27, 1991

2 min read

Unocal Myanmar has moved to evaluate oil potential of its 6,200 sq km concession in Central Myanmar, formerly Burma, by spudding the first of two wildcats there last month.

Unocal's first well will probe the Kandaw prospect in the northeast corner of Block F. The second, to spud about 2-1/2 months after completion of the first, will test the Leya prospect in the northwest portion of the block.

Unocal Myanmar Resident Manager Ken Bradley said the tract's oil potential is quite promising, citing existing oil and gas production immediately east of the block.

Each well will be drilled to more than 10,000 ft by a rig operated by state owned Myanmar Oil & Gas Enterprise.

Two more exploratory wells are planned next year, but their locations are pending result of exploration work undertaken this year.

SEISMIC WORK PROCEEDING

As of last month, seismic contractor Seismograph Service of London had completed more than 1,300 line km of a total of 2,000 line km planned by June. More than 1,200 personnel are involved in the seismic survey under way on the rough terrain. Processing and interpretation of seismic data are being carried out in Singapore.

The wildcats and seismic work will cover much of Unocal's commitment the first 3 years that calls for a total spending of $29 million. To date, about $20 million has been spent for exploration on the tract.

Unocal Myanmar is operator with a 10% interest. Other interest owners are Unocal Canada 50%, Petro-Canada Inc. 30%, and Thailand's state owned PTT Exploration & Production 10%.