Asset Report
Block A1 and Block A3 (Shwe)
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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.
Table of contents
- Summary
-
Key Issues
- Block A1
- Block A3
- POSCO's acquisition of Daewoo International
- Recent drilling
- Block A1
- Shwe field appraisal
- Other Block A1 Exploration
- Block A3
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Key Development metrics
- Wells
- Central Processing Platform
- Pipelines
- Subsea
- Compression Platform
- Contracts
- Exploration Costs
- Capital Costs
- 4 more item(s)...
- Cash Flow
- Gas Price
- Global Economic Model (GEM) File
- Cash Flow
Tables and charts
This report includes the following images and tables:
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Index MapBlock A1 and A3 MapCash Flow (US$)
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PV Table (US$)Summary Table (US$)Split of RevenuesCumulative Net Cash Flow - UndiscountedCumulative Net Cash Flow - Discounted at 10% from 01/01/2026Remaining PV Price SensitivitiesBlock A1 and Block A3 ParticipationReserves (2P) at 01/01/2026
- 8 more item(s)...
What's included
This report contains:
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