Myanmar
Blocks M-12, 13, 14
Nippon Oil Exploration (Myanmar) has been involved in the Yetagun project in Myanmar from the exploration stages. After initial appraisal activities and construction of production and shipping facilities including pipeline, now the project is in a stable production stage, with the firm production and sale of natural gas and condensate.
Sale of Natural Gas and Condensate
Yetagun gas field was discovered in December 1992 and natural gas production commenced there in May 2002. Condensate,*1 a light liquid hydrocarbon produced along with natural gas, is stored in a tanker-based Floating Storage and Offloading (FSO) system*2 and sold jointly by the project partners.
- 1Condensate: A light hydrocarbon, in a liquid state at normal temperature and pressure, obtained from the processing of natural gas and crude oil. It is also called natural gas liquid (NGL).
- 2FSO(Floating Storage and Offloading system) : A tank ship outfitted with crude oil storage and offloading equipment and moored around a production platform.
Project Summary
Blocks M-12, 13, 14ExplorationDevelopmentProduction
| Project Company | Nippon Oil Exploration (Myanmar) |
|---|---|
| Shareholders (Holding Percentages) | Government of Japan (50.0%) JX Nippon Oil & Gas Exploration Corporation (40.0%) Mitsubishi Corporation (10.0%) |
| Interest | 19.3% |
| Partners (Interest) | Petronas Carigali*(40.9%) MOGE (20.5%) PTTEP International (19.3%) |
- Operator
Nippon Oil Exploration (Myanmar) Blocks M-12, 13, 14 Project History
| October 2014 | Started production at Yetagun North gas field |
|---|---|
| May 2000 | Started production at Yetagun gas field |
| December 1992 | Discovered Yetagun gas field in Blocks M-12/13/14 |
| September 1992 | Acquired working interest in Block M-12 offshore Myanmar |
| September 1991 | Acquired working interests in Blocks M-13/14 offshore Myanmar |