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New Opportunities
MPRL
E&P Pte Ltd. formerly Myanmar Petroleum Resources Limited ( MPRL ) is a
foreign independent exploration & production company. MPRL jointly
operates an onshore oil & gas field namely Mann Field in Central Myanmar
with the Myanmar National Oil Company ( Myanma Oil & Gas Enterprise - MOGE ) under a Performance Compensation Contract ( PCC ).
In addition to the Onshore Mann Field Enhancement Project, MPRL E&P Pte
Ltd. recently signed a PSC Contract with Myanma Oil & Gas Enterprise to
operate Offshore Block A-6. This Block, which covers an area of 9,830
square kilometers, is located on the western coast of Myanmar and is
situated south of the recent gas discoveries made by Daewoo in Blocks A-1
and A-3.
The majority of personnel employed by MPRL for both the Mann Field and
Offshore Projects are Myanmar Nationals who cover a variety of
Geoscience and Engineering disciplines. MPRL is extremely proactive in
providing travel, training, and further education for their staff, to
ensure they are familiar with the constant changes and advances in
technology and methodology that take place in the oil & gas industry.
Mann Field was discovered in 1970 and reached peak production of 24,000
bopd in 1979. There are currently 663 wells in the field, of which 328
are producing and the remaining are shut-in. Mann Field is an aging
field having produced over 100 million barrels of oil, but it is still a
long way from being fully depleted. Comprehensive 3D Seismic was
acquired over the entire contract area in 1998. Interpretation of 3D
data has resulted in numerous leads or prospects identified to date.
There is extensive exploration potential on the flanks of the structure
as well as in the sub thrust, including untested deeper horizons below
8,000 ft. MPRL has been involved in the Mann Field Enhancement Project
since 1996 and to date has invested approximately US$ 90 million.
In order to further improve our understanding of the structural
composition of Mann Field, MPRL continues to invest in new technology
such as a recently upgraded workstation and new geophysical software,
which has provided the Company’s group of Geoscientists with numerous
attribute choices, when studying structural evolution and the
environment of sediment deposition which controls the reservoir
architecture.
Offshore Block A-6
The signing of the PSC Contract on 18 January 2007 for Offshore Block
A-6 was a further step in the expansion of MPRL’s exploration and
production activities within Myanmar.
Currently, MPRL is in a “Data Study Period" of the contract for Block
A-6 and is reprocessing old seismic data which had previously been
acquired in the Block.
MPRL has always been looking for opportunities to increase its
exploration and production activities in Myanmar, and Offshore Block A-6
has provided the company with exactly such an opportunity.
Historically, over the past 10 to 15 years, the bulk of discoveries
worldwide have come from deep water areas: Nigeria, Angola, Gulf of
Mexico, Offshore Brazil and therefore the western coast of Myanmar is
one of the last remaining deep water areas in the world which remains to
be fully explored. The Shwe gas discovery and its origin in the Bengal
Fan, the largest present day turbidite fan system in the world, has
certainly helped to draw the attention of the industry to this
essentially unexplored basin. The Myanmar Rakhine active plate margin is
however tectonically much more complex than the passive margins of
Africa and South America.
Accordingly, this is a challenge with an associated risk, which MPRL is
attempting to mitigate in reprocessing some of the key seismic lines and
to apply the latest concepts from Plate Tectonic Kinematics along the
western margin of the Indian Plate, combined with a fresh and unbiased
view of the onshore Rakhine geology.
To move from onshore into offshore, and possibly even deep water
exploration, may seem a bold step for a small independent like MPRL but
it was a logical development platform for the company as bids for
additional offshore blocks were invited by the Ministry of Energy. It
allows MPRL to grow, and the company was simply ready to take on the
challenge. MPRL believes that there are still many opportunities to
expand further in the country and MPRL has in fact applied for
additional onshore acreage.
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