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Newswire (r)
France's Total Announces Myanmar and Indonesia Gas Finds
LONDON (AP-Dow Jones)--French oil major Total SA Tuesday
announced natural gas discoveries in Myanmar (formerly Burma)
and Indonesia.
The Myanmar find was made during initial exploration drilling
on the M5 and M6 offshore exploration blocks, part of the
Moattama permit.
The discovery, named Sein, is located 10 kilometers from the
Yadana field, gas from which will be sold told Thailand and for
domestic power production.
Studies are underway to confirm the commerciality of Sein.
The discovery well produced at 26 million cubic feet per day.
The partners on the M5 and M6 blocks are the same as for Yadana,
being the operator Total (31.24%), Unocal (28.26%), the Petroleum
Authority of Thailand (25.5%) and the Myanmar national oil company
MOGE (15%).
In 1995, the group signed a deal to sell gas to Thailand for a
30-year period, commencing in 1998. The initial export volume is set
at 65 million cubic feet per day, building to 525 million cubic feet
per day, plus 125 million cubic feet for local power production.
Moves to construct a pipeline from the beach, across Myanmar and
into Thailand have been criticized by some human rights groups and
trade union bodies which say forced labour is being used for the
project and Unocal has faced protests in the U.S.
Meanwhile, Total has also disclosed that gas was found at a
delineation well located outside the currently recognized limits of
the Tunu field on the Total-operated Mahakam permit in Indonesia. The
well produced at 21 million cubic feet of gas per day during tests.
Another well on the edge of the Sisi field on the Mahakam permit
has tested at 26 million cubic feet per day.
(END) AP-DOW JONES NEWS 05-03-96
1619GMT