PTTEP plans M9 gas imports to Thailand

PTT Exploration and Production Public Co. Ltd. plans to import recently discovered natural gas from the M9 block in the Gulf of Martaban for the Thai market by 2011-2012.

Offshore staff

BANGKOK, Thailand -- PTT Exploration and Production Public Co. Ltd. plans to import recently discovered natural gas from the M9 block in the Gulf of Martaban for the Thai market by 2011-2012.

PTTEP says its three recent exploration wells have confirmed gas discoveries in the eastern part of M9, about 300 km (186 mi) south of Yangon.

Although the tubing stem test (TST) has not been completed, PTTEP plans to drill one more exploration well, Zawtika-2, as a follow-on to the preceding Gawthaka-1 and Kakonna-1.

Gawthaka-1, spudded in the northern part of M9, was drilled 3,380 m (11,089 ft) depth, encountering five natural gas bearing zones with a combined net pay of 56 m (184 ft). Kakonna-1, spudded on Feb. 7, 2007, and drilled to a depth of 3,391 m (11,125 ft), found natural gas in eight zones with a combined net pay of 77 m (253 ft).

PTTEP says it is confident of gas potential of the eastern area of the M9 block based on the Zawtika-1A well test results and the production testing on the two new wells.

PTTEP has 100% interest in block M7.

3/6/2007

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