Petronas declares force majeure in Myanmar
Apr 5, 2021 3:00:am
Summary The production rate at its Yetagun gas field slipped below the threshold of the offshore gas processing plant, it said.
by: Shardul Sharma
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Petronas declares force majeure in Myanmar
Petronas on April 1 declared force majeure on its Yetagun field due to depletion of gas production at the field, located in the Andaman Sea, offshore Myanmar, in Blocks M12, M13 and M14, it said on April 2.
“The decision was made following challenges in the wells deliverability that resulted in the production rate dropping below the technical threshold of the offshore gas processing plant,” it said. PC Myanmar (Hong Kong), a subsidiary of Petronas, has ceased production at the Yetagun field until further notice.
Petronas has revealed that its subsidiary, PC Myanmar (Hong Kong) Limited, has declared force majeure on its Yetagun field, located offshore Myanmar.
Petronas has revealed that its subsidiary, PC Myanmar (Hong Kong) Limited, has declared force majeure on its Yetagun field, located offshore Myanmar, “due to depletion of gas production”.
The decision was made following challenges in well deliverability that resulted in the production rate dropping below the technical threshold of the offshore gas processing plant, Petronas noted, adding that PC Myanmar (Hong Kong) Limited has temporarily ceased production at the Yetagun field until further notice.
“Prior to the cessation of production, Yetagun field was producing well below the technical turndown rate of its facilities,” PC Myanmar (Hong Kong) Limited Country Head, Liau Min Hoe, said in a company statement.