Shwe Complex is a producing conventional gas field located in shallow water in Myanmar and is operated by Posco International. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block A 1 and A 3, with water depth of 5,053 feet. Buy the profile here.
Two expansion projects are associated with the Shwe Complex conventional gas field, namely the Shwe Phase-2 and the Shwe Phase-3. The expansion projects are currently in the commissioning and feed stage, targeting start-up during 2023 – 2025.
Field participation details
The field is owned by GAIL (India), Korea Gas, Myanma Oil and Gas Enterprise, Oil and Natural Gas and Posco International.
Production from Shwe Complex
The Shwe Complex conventional gas field recovered 43.29% of its total recoverable reserves, with peak production in 2022. The peak production was approximately 608.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 36% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 358.97 Mmboe, comprised of 2,153.80 bcf of natural gas reserves. Shwe Complex conventional gas field reserves accounts 0.12% of total remaining reserves of producing conventional gas fields globally.
Contractors involved in the Shwe Complex conventional gas field
Some of the key contractors involved in the Shwe Complex project as follows.
Design/FEED Engineering: McDermott International, Baker Hughes, DORIS Engineering and HD Hyundai
Main EPC: McDermott International, Baker Hughes and HD Hyundai
Other Contractors: Airpack Nederlands, Mermaid Maritime Mauritius, Snc Process Services Sdn and OAG Group
About Posco International
Posco International Corp (Posco International), formerly Posco Daewoo Corp and a subsidiary of Posco, is an international trading and investment company. The company carries out international trade, resource development, and project organizing. Its businesses include export services, export agency services, intermediary trading, manufacturing, distribution, and natural resource development. The company trades various products such as industrial-grade steel, metals, chemicals, transportation equipment, machinery, electronics, special materials, grain, and petroleum. Posco International implements overseas development projects such as power generation, railroad, ports, plants, and IT facilities; and invests in energy and mineral development projects globally. The company also manufactures and markets textiles. It has operations in North America, Central, and South America, Europe, Africa, the Middle East, and Asia. Posco International is headquartered in Seoul, South Korea.
For more details on the Shwe Complex Conventional Gas Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
