PTTEP sees Burma M-9 gas project ready end 2011
10-OCT-2008 Intellasia | Reuters
Oct 10, 2008 - 7:00:00 AM
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PTT Exploration and Production PTTE.BK, a unit of Thailand's top energy firm, said on Wednesday it expected its M-9 natural gas project in Burma to be completed by the end of 2011.
"It will be done by the end of 2011," Asdakorn Limpiti, vice president in PTTEP's strategy and capability development division, said at the Africa Upstream 2008 oil conference in Cape Town.
The M-9 is one of five offshore blocks in the Martaban Gulf operated by PTTEP, about 66% owned by PTT PCL PTT.BK, under a 25-year concession awarded by the Burma government. The US$2 billion project is located about 300 kilometres south of Yangon.
Negotiations between Thailand and Burma over gas supplies from the prospective field, however, have been hampered by political unrest in Burma.
A deal on natural gas from Block M-9 had been expected by the two countries to be finalised by the end of this year.
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