Bangkok: As has widely been predicted falling oil prices are likely to dent Myanmar’s offshore plans.
The future of Yetagun, one of the country’s four offshore gas projects, will be reviewed soon.
Yetagun is operated by Malaysia’s Petronas. Its production rates over the 15 years it has been producing have slipped to 360m cu ft per day, far less than the 400m it is meant to be supplying to Thailand everyday.
Yetagun currently has 14 wells in operation and its reserves are thought to be around 60% used up.