Myanmar mulls ditching Yetagun gas field

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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