| | | Bagan project
In November 2001, CNPC purchased the Bagan project in the center Myanmar from TG World and acquired a 100% interest of Block IOR-3, TSF-2 and RSF-3. Three blocks are implementing the production sharing contract (PSC) within 25 years, respectively.
Block IOR-4
In December 2001, we entered into a 20 year contract of improving oil recovery with Myanmar Oil and Gas Enterprise (MOGE) on Block IOR-4, which situated in southern Myanmar. In 2005, a high-yield gas flow was obtained from well PSC-1 during a production test in Block IOR-4.
Three deep-water blocks
On January 15, 2007, CNPC entered into a PSC with Myanmar Oil and Gas Enterprise (MOGE) and acquired oil and gas exploration and exploitation licenses for three deep-water blocks -AD-1, AD-6 and AD-8. The three blocks are located in offshore Rakhine, covering an area of 10,000 square kilometers.
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| | | | CNPC provides oilfield services and engineering construction in Myanmar, including geophysical prospecting, well drilling, logging and testing. In 2010, our 2D seismic acquisition in offshore block BLOCK-M1 saw smooth progress.
On March 24, 2004, CNPC signed an EPS contract with the Myanmar Petrochemical Enterprise on constructing No. 4 fertilizer plant, including two 100kt/a synthetic ammonia units and two 150kt/a urea units. The project was launched in March 2007 and went on stream in January 2011, which became the Myanmar’s most advanced and largest fertilizer plant. The project will further promote the development of agriculture in Myanmar. The Myanmar-China Oil and Gas Pipelines
The construction of the Myanmar-China Oil and Gas Pipelines was originally proposed in 2004. In December, 2008, CNPC signed a 30-year purchase and sale agreement with South Korean conglomerate Daewoo International on importing natural gas from offshore blocks A-1 and A-3 in Myanmar. According to the agreement, pipelines will be constructed to deliver natural gas from Myanmar to China. Myanmar will also be able to tap the pipeline running across its territory to meet local needs for natural gas.
Important progress was made in 2009. We signed a series of agreements on constructing, operating and managing the Myanmar-China Oil and Gas Pipelines in 2009-2010, which clarified the JV’s rights and obligations. According to the agreement, Southeast Asia Pipeline Ltd., our subsidiary, will be JV’s holding stockholder with be responsible for designing, constructing, operating and maintaining the oil and gas pipelines.
Construction of the Myanmar’s section and Chinese section of the Myanmar-China Oil and Gas Pipelines began in June and September, 2010, respectively. The project is due to be completed and became operational in 2013. Both pipelines will start from Myanmar's Kyaukryu and enter China at Ruili in Yunnan Province. The gas pipeline will extend across Yunnan, Guizhou, Chongqing, and Guangxi. The oil pipeline is designed to transport 22 million tons of oil per year, and the gas pipeline is designed to transport 10-13 billion cubic meters of gas per year. An oil terminal was built on the west coast of Myanmar's Kyaukryu at the same time.
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| | | | In May 2008, cyclone Nargis hit Myanmar, causing loss of life and widespread destruction. CNPC donated USD 300,000 in cash, and materials worth USD 50,000 to support disaster relief and post-disaster reconstruction. |
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| | | | Jun. 3, 2010 CNPC signed the shareholder agreement of Southeast Asia Crude Pipeline Limited, rights and obligations agreement of Southeast Natural Gas Pipeline Limited, and shareholder agreement of Southeast Asia Natural Gas Pipeline Limited with Myanmar Oil and Gas Enterprise.
Jun. 16, 2009 A memorandum of understanding is signed on constructing, operating and managing the Myanmar-China Crude Pipeline by CNPC and Myanmar’s Ministry of Energy.
Dec. 24 , 2008 CNPC signed a 30-year purchase and sale agreement with South Korean conglomerate Daewoo International on importing natural gas from offshore blocks A-1 and A-3 in Myanmar.
Jun. 20, 2008 CNPC, the Myanmar government and Daewoo Combo signed a MOU on sale and transportation of natural gas from Myanmer offshore blocks A-1 and A-3.
Jan. 15, 2007 CNPC signed a contract with Myanmar Oil and Gas Enterprise (MOGE) and acquired oil and gas exploration and exploitation licenses for three deep-water blocks- AD-1, AD-6 and AD-8.
Dec. 2001 CNPC entered into a contract with Myanmar's Ministry of Energy on Block IOR-4.
Nov. 2001 CNPC signed with TG World a purchase contract on Bagan Project. |
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