Yenangyaung Oil Field

Jenangyaung Oilfield

The Chauk and Yenangyaung oil fields are on land in central Myanmar. Iira Closes Wells in Myanmar's Yenangyaung Field Singapore--Interra Resources Limited and its JV unit Goldpetrol Joint Operating Company Inc. have successfully drilled the YNG 3270 well at the Yenangyaung oil field in Myanmar. Well has been provisionally closed (TSI) until further measures relating to tank stimulus have been initiated. It has a 60% stake in the Improved Petroleum Recovery Contract of the Yenangyaung field and also holds 60% of Goldpetrol, the field owner.

The ZJ 450 was used to drill the 3270 from Goldpetrol, which kept drill charges relatively low. Interra's portion of the drill fees was financed from available resources. The 3270 ONG was bored to a full 4,140 feet as an ascent misalignment to several pre-war wells that were still mined from several deposits at the beginning of the year.

Wells and wire rod analyses indicated the existence of carbons in the target deposits. Subsequent engineering analyses are carried out to determine the best way to obtain the input of a hydrocarbyl compound, whether by means of hydrofracturing or other pacing techniques. As soon as the results of possible further work on the above topics are known, Interra will announce them.

We have 60% of the shares in two of the biggest oil rigs in Chauk and Yenangyaung in Myanma Oil and Gas Enterprises (MOGE) under two Improved Petroleum Recovery Contracts (IPRCs).

We have 60% of the shares in two of the biggest oil rigs in Chauk and Yenangyaung in Myanma Oil and Gas Enterprises (MOGE) under two Improved Petroleum Recovery Contracts (IPRCs). Initially launched on 4 October 1996 for a period of 20 years and 6 month, the duration of the IPRC was recently renewed for 11 years.

Together with our JOC partners, we will take over the operational management of both divisions via Goldpetrol JOC Inc. Myanmar's adjoining franchises, covering a surface area of approximately 1,800 km2 along the Ayeyarwaddy River, are situated approximately 580 kilometers northern of Yangon. In 2017, both oil and gas produced 837,823 barrel of oil.

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