Ultra-deepwater progress boosts Myanmar’s options
The sanctioning of the Shwe Yee Htun-2 project suggests the government is finally aligning its interests with those of operators
Myanmar’s struggling oil and gas sector received a welcome boost in mid-December with the signing of a production sharing agreement (PSA) between the government and French major Total that paves the way for the development of Southeast Asia’s first ultra-deepwater gas project. Stakeholders can now start the pre-Feed phase for Block A-6, known as Shwe Yee Htun-2. Total announced last September that it had encountered 40m of net gas pay in the block, after drilling at depths of 4,850m in water depth of 2,325m, with preliminary tests also confirming good reservoir quality, permeability and well production deliverability. The sanctioning of such a complex, cost-intensive, ultra-deepwater proje
Also in this section
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
