The exploration arm of Thailand’s state-owned oil and gas company PTT has discovered a new natural gas deposit in Burma’s M-3 Mottama offshore block, according to a report by Energy Tribune. Three test wells drilled by PTT Exploration and Production (PTTEP) in February and May of this year have yielded significant deposits, including one that is producing 14.34 million cubic feet and 2,000 barrels of condensate per day, the report said. PTTEP, which is carrying out a joint venture with the state-run Myanmar Oil and Gas Enterprise, began drilling test wells in the block in March 2011. Later that same year, it made its first discovery of natural gas with a well that yielded 25.14 million cubic feet per day.
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