The Yadana gas field is located in the Andaman Sea, approximately 60
kilometers offshore the nearest landfall in Myanmar.
This
major energy resource contains more than 5,3 trillion cubic
feet (150 billion cubic meters) of
natural gas, with an expected field life of 30 years. Output from the
field averaged over 19.3 million cubic meters per day in
2006.
The field was developed under a conventional production sharing contract by
four investors:
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Total,
operator, 31.2375% |
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a subsidiary of Unocal
(today, Chevron Corp. further to its acquisition of UNOCAL in 2005) of the United States, 28.2625% |
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Petroleum
Authority of Thailand Exploration & Production
(PTT-EP), 25.5% |
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state-owned
Myanma Oil and Gas Enterprise (MOGE), 15%. |
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A Memorandum of Understanding was signed by Total and MOGE on July 9, 1992. In addition to the construction of offshore gas facilities by the partners, a separate company in which PTT-EP, MOGE, and other subsidiaries of Total and Unocal are investors (the Moattama Gas Transportation Company (MGTC)) built a 346-kilometer subsea pipeline to bring the gas to landfall in Myanmar, and a 63-kilometer onshore pipeline, with control and metering units, to carry the gas to the border with Thailand, which purchases most of the field's output under a long-term contract.
Construction was carried out between fall 1995 and mid-1998, with gas production beginning in July 1998. The total investment outlay was approximately US$1 billion. Further capital expenditure will be required during the field's lifetime to drill additional wells and install compressors. The export production threshold of 525 million cubic feet per day was reached in early 2001.
