Canadian Foresight Group, Partners to Explore Large Gas Field Offshore Myanmar

A joint venture of Canadian Foresight Group (CFG), Perth based Transcontinental Resource Group (TRG) and Myanmar’s KMA Group will explore a large gas field in the Andaman Sea.

CFG was awarded offshore Block M-15 late last month. Under the terms of joint bid, CFG will undertake a seismic program and drill two wells.

Block M-15 is located in the Andaman Sea, within the Tanintharyi Offshore basin, which is off Myanmar’s southern Tanintharyi coast. The area of Block M-15 covers 13,480 square km with estimated P50 Recoverable 16.1 Tcf.

One of the biggest offshore gas fields in Myanmar, Yetagun gas field, is located 60 km to the north of M-15.  The Yetagun field contains an estimated 4.2 Tcf of recoverable gas. 

Exploration work is expected to commence in September.