PETRONAS’ Upstream Operations in Myanmar Declares Force Majeure on its Yetagun Field

PC Myanmar (Hong Kong) Limited (PCML), a subsidiary of PETRONAS, has declared Force Majeure (FM) on its Yetagun field on 1 April 2021 due to depletion of gas production at the field, located in the Andaman Sea, offshore Myanmar, in Blocks M12, M13 and M14.

The decision was made following challenges in the wells deliverability that resulted in the production rate dropping below the technical threshold of the offshore gas processing plant. PCML has temporarily ceased production at the Yetagun field until further notice.

Source: NAM News Network