Ultra-deepwater progress boosts Myanmar’s options
The sanctioning of the Shwe Yee Htun-2 project suggests the government is finally aligning its interests with those of operators
Myanmar’s struggling oil and gas sector received a welcome boost in mid-December with the signing of a production sharing agreement (PSA) between the government and French major Total that paves the way for the development of Southeast Asia’s first ultra-deepwater gas project. Stakeholders can now start the pre-Feed phase for Block A-6, known as Shwe Yee Htun-2. Total announced last September that it had encountered 40m of net gas pay in the block, after drilling at depths of 4,850m in water depth of 2,325m, with preliminary tests also confirming good reservoir quality, permeability and well production deliverability. The sanctioning of such a complex, cost-intensive, ultra-deepwater proje
Also in this section
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand
24 July 2025
Despite significant crude projections over the next five years, Latin America’s largest economy could be forced to start importing unless action is taken
23 July 2025
The country’s energy minister explains in an exclusive interview how the country is taking a pragmatic and far-sighted approach to energy security and why he has great confidence in its oil sector
