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19/12/2019 News

Execution of Block A-6 Agreements in Myanmar

Execution of Block A-6 Agreements in Myanmar

Paris, December 17, 2019 – Total announces the execution of two agreements between the Block A-6 joint venture and Myanma Oil & Gas Enterprise (MOGE) that mark a further step toward the commercial development of Myanmar’s first ultra-deepwater gas resources. This follows three positive exploration wells drilled offshore Myanmar in 2016 (Shwe Yee Htun-1) and 2017 (Pyi Thit-1 and Pyi Tharyar-1) and successful appraisal of the Shwe Yee Htun-2 discovery made in 2018.

With the execution of the Fourth Amendment and Supplementary Agreement to the Production Sharing Contract and the Agreement on Upstream and Midstream Ratio, Total will conduct development studies as the joint venture operator in the development phase. The aim is to begin front-end engineering and design (FEED) by mid-2020. 

“The execution of these agreements, which set a new fiscal framework for Block A-6 discovered resources, is a significant milestone in unlocking new gas reserves in an area close to existing gas markets,” commented Javier Rielo, Senior Vice President Asia Pacific at Total. “Total’s recognized track record in deep offshore developments and our long history as a responsible operator in Myanmar are key strengths to bring these discoveries to commercial development.”

Total holds a 40% interest in Block A-6, alongside Woodside Energy Ltd 40% and MPRL E&P Pte Ltd 20%.

About Total in Myanmar

Our gas operations in Myanmar date back to 1992 and the development of the offshore Yadana gas field, which supplies local markets in Myanmar and Thailand. The Group today employs around 240 people in Myanmar and serves around 50% of local gas demand.

Total runs a far-reaching social and economic development program both nationwide and locally, addressing communities living near the pipeline between Myanmar and Thailand. The program serves 40,000 people in 33 villages.

Total E&P Myanmar (TEPM) operates Blocks M5 and M6 of the Yadana field, on stream since 1998, with a 31.2% interest. Production from those blocks currently supplies half of Myanmar’s gas consumption and around 12% of gas demand in neighboring Thailand. In 2017, TEPM started up production from the Badamyar project, which extends the Yadana gas field’s production plateau beyond 2020. 

About Total

Total is a major energy player that produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.

* * * * *

 

For Media Relations in Total E&P Myanmar

Ohnmar Win

Head of Public Relations & Communication

Tel: (95 1) 660 466, 650 977, 650 989

E-mail: daw.ohnmar@total.com

 

Cautionary Note

This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms “Total”, “Total Group” and Group are sometimes used for convenience. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them.

This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.

 

  • Mr. Roignan of Total E&P Myanmar signs the agreements (Photo – MOEE)

    Mr. Roignan of Total E&P Myanmar signs the agreements (Photo – MOEE)

  • MOEE, A-6 JV Partners and Ministers pose for a group photo (Photo – MOEE)

    MOEE, A-6 JV Partners and Ministers pose for a group photo (Photo – MOEE)

  • Mr. Roignan of Total E&P Myanmar signs the agreements (Photo – MOEE)

    Mr. Roignan of Total E&P Myanmar signs the agreements (Photo – MOEE)

  • MOEE, A-6 JV Partners and Ministers pose for a group photo (Photo – MOEE)

    MOEE, A-6 JV Partners and Ministers pose for a group photo (Photo – MOEE)

  • Mr. Roignan of Total E&P Myanmar signs the agreements (Photo – MOEE)
  • MOEE, A-6 JV Partners and Ministers pose for a group photo (Photo – MOEE)
  • Mr. Roignan of Total E&P Myanmar signs the agreements (Photo – MOEE)
  • MOEE, A-6 JV Partners and Ministers pose for a group photo (Photo – MOEE)