THE Ministry of Energy announced that natural gas produced from the Pyay oil field will be delivered to Yangon.
The Ministry of Energy is currently researching and developing the Pyay, Myanaung, and Shwepyitha oil fields using modern technologies to boost output.
The Pyay oil field, which was discovered in 1964, is a long-established oil field with valuable oil and natural gas resources; however, production has been almost halted for more than ten years. Modern technologies are now being applied to increase production at the Pyay, Myanaung, and Shwepyitha oil fields. Additionally, research activities are being carried out in collaboration with private entrepreneurs. Furthermore, natural gas produced from the Pyay oil field in the Bago Region will be delivered to Yangon via pipeline. Studies of the sand layers in Block 48 of the oil field have found that greater volumes of natural gas can be produced. Similarly, if natural gas production from the oil field increases, there are plans to supply natural gas to factories and workshops in the Pyay and Shwe Taung areas.
Currently, the Myanma Oil and Gas Enterprise under the Ministry of Energy, and HNA Myanmar Oil & Gas Ltd have signed benefit-sharing agreements to boost the production of oil and natural gas from the onshore Block IOR-4 Area-1. Moreover, the Ministry of Energy is working with ethnic entrepreneurs to jointly develop ten onshore blocks in mature oil fields under benefit-sharing agreements. — ASH/MKKS
