Asset report
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21 Pages

Block A1 and Block A3 (Shwe)

Block A1 and Block A3 (Shwe)

Report summary

Block A1 and Block A3 are located off Myanmar's Rakhine Coast, near the maritime border with Bangladesh. Daewoo was awarded Block A1 in 2000 and Block A3 in 2004, the partners are aligned across both assets. Block A1 contains two fields, Shwe and Shwe Phyu, discovered in January 2004 and March 2005 respectively. Mya was subsequently discovered in March 2006 in Block A3. Total recoverable reserves from all these fields are estimated at more than six tcf of gas. A Gas Sales Agreement (GSA) was signed between the Daewoo International-led consortium and China National United Oil Corporation (CNUOC, a wholly owned subsidiary of CNPC) in December 2008. The project was declared commercial when the EPCIC contract was awarded to Hyundai Heavy Industries and Doris Engineering in October 2009. Shwe and the northern part of the Mya field have been developed first, while Shwe Phyu and the southern part of Mya will be developed 13 to 14 years after first production.

What's included?

This report includes 2 file(s)

  • Block A1 and Block A3 (Shwe) PDF - 467.62 KB 21 Pages, 17 Tables, 8 Figures
  • Block A1 and Block A3 (Shwe) XLS - 710.00 KB

Description

Lower oil prices and a call for increased returns from shareholders has caused a subtle shift to occur in the upstream oil and gas industry. This shift is increasing investment opportunities and driving capital discipline.

In this Upstream Oil and Gas Field report you'll find information about participation, exploration, geology, reserves, production, infrastructure, cost, economics and much more.

For potential investors, governments and companies in the oil and gas sector, this report provides an understanding of critical issues at the field level. It will help give you a commercial view of the field and recognise potential benefits and risks.

Wood Mackenzie has over 40 years of experience in commercial analysis and field valuations. Our analysts produce forward-looking analyses, backed by our robust proprietary database of trusted research.

Covering more than 105 countries, we are the recognised gold standard in commercial data and analysis.

  • Key facts
  • Summary and key issues
    • Summary
    • Key issues
  • Location maps
  • Participation
    • Block A1
    • Block A3
    • Posco's acquisition of Daewoo International
  • Geology
  • Well data
  • Exploration
    • Ongoing and future
    • Block A1
    • Shwe Field Appraisal
    • Other Block A1 Exploration
    • Block A3
  • Reserves and resources
  • Production
  • Development
    • Key Development metrics
  • Infrastructure
  • Costs
    • Exploration Costs
    • Capital Costs
    • Operating Expenditure
  • Sales contracts
    • China Market
    • Domestic Market
    • Gas Pricing
  • Fiscal and regulatory
  • Economic assumptions
    • Cash Flow
    • Discount rate and date
    • Inflation rate
    • Gas Price
    • Global Economic Model (GEM) File
  • Economic analysis
    • Indicative technical valuations
      • Indicative technical valuations

In this report there are 25 tables or charts, including:

  • Key facts
    • Key facts: Table 1
  • Summary and key issues
  • Location maps
    • Index Map
    • Block A1 Map
  • Participation
    • Participation: Table 1
  • Geology
  • Well data
    • Well data: Table 1
  • Exploration
  • Reserves and resources
    • Reserves and resources: Table 1
    • Reserves and resources: Table 2
  • Production
    • Production: Table 1
    • Production: Table 2
    • Production Profile
  • Development
  • Infrastructure
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Costs: Table 3
  • Sales contracts
    • Sales contracts: Table 1
    • Sales contracts: Table 2
  • Fiscal and regulatory
    • Fiscal and regulatory: Table 1
  • Economic assumptions
  • Economic analysis
    • Cash flow
    • Economic analysis: Table 2
    • Economic analysis: Table 3
    • Split of Revenues
    • Cumulative Net Cash Flow - Undiscounted
    • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2017
    • Remaining Revenue Distribution (Discounted at 10% from 01/01/2017)
    • Remaining PV Price Sensitivities
    • Economic analysis: Table 4
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