French energy major Total said today that it had started production from a gas field offshore Myanmar.
Work to install a new wellhead platform on Badamyar and drill four new wells began in 2014.
The field has been developed as a satellite of the Yadana field, which has a plateau production rate of 8 billion cubic metres per year.
Arnaud Breuillac, head of exploration and production at Total, said: “Completed on schedule and with costs 20% below budget, this second start-up by Total in 2017 demonstrates our capacity to effectively implement cost reduction programs.
“This project underscores Total’s commitment to develop gas projects to provide Myanmar and Thaïland with affordable, reliable and clean energy to support the countries’ economic growth over the coming years.”
Total operates the project and has a 31.2% stake. Its partners are Chevron-Unocal (28.3%), PTTEP (25.5%) and the national company MOGE (15%).