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OVL announces gas resources in Myanmar
Our Bureau
New Delhi
,
Aug. 21
ONGC Videsh Ltd (OVL), along with other consortium partners of blocks A-1 and A-3 in Myanmar Offshore, have announced the original gas in-place and contingent gas resources (recoverable reserves) of the Shwe, Shwe Phyu and Mya fields based on an independent assessment done by Gaffney, Cline & Associates (GCA), Singapore.
The best estimates gas volume (gas initially in place) certified by GCA — the consulting firm for the Shwe, Shwe Phyu and Mya gas fields — are 3.4 trillion cubic feet (tcf), 0.5 tcf and 1.8 tcf respectively, totalling 5.7 tcf. The high estimates gas volume (gas initially in place) for the Shwe, Shwe Phyu and Mya gas fields are 5.4 tcf, 1.2 tcf and 3.4 tcf respectively, totalling 10 tcf, according to a statement issued by OVL.
The best estimates (P50) of recoverable reserve of Shwe, Shwe Phyu and Mya are 2.9 tcf, 0.4 tcf and 1.5 tcf respectively, totalling to 4.8 tcf. The high estimates (P10) of recoverable reserve of Shwe, Shwe Phyu and Mya are 4.7 tcf, 0.9 tcf and 3.0 tcf respectively, totalling 8.6 tcf.
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