The Yetagun gas and condensate field straddles blocks M12, M13 and M14 in the Gulf of Martaban, Andaman Sea, covering an area of approximately 24,130km². The field is estimated to hold three trillion cubic feet of gas and 80 million barrels of condensate in reserves.
Petronas Carigali Myanmar holds a 40.91% interest and operates the field. The other working partners in the field include Myanmar Oil and Gas Enterprise (MOGE, 20.45%), PTTEP International Limited (PTTEPI, 19.32%,) and Nippon Oil Exploration (Myanmar) (19.32)%.
"Sanctioned in late 2012, the development of the Yetagun North satellite field is close to completion."
The Yetagun field was discovered in December 1992. The field development activities started in 1996, construction of pipeline and associated facilities were performed in 1998 and 1999, and commercial production started in May 2000. The field is expected to continue production until 2030.
Sanctioned in late 2012, the development of the Yetagun North satellite field is close to completion.
Yetagun offshore field development details
The Yetagun field was initially developed by Premier Oil, the former operator, with an investment of $650m. Premier and its partners were earlier awarded the licences for M13 and M14 in 1990 and Block M12 in 1992. Petronas gained operatorship of the blocks in September 2004.
The development involved the construction of the Yet A wellhead platform, Yet B processing platform, the leased Yetagun floating storage and offloading (FSO) vessel, and installation of an approximately 202km-long offshore pipeline and a 270km-long onshore pipeline, including an operating centre and metering station for the latter. The leased FSO, owned by SBM Offshore, has a storage capacity of 606,000 barrels (bbl).