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.
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An expansion project is associated with the Shwe Complex, namely the Shwe Phase-3. This project is currently in the construction stage, expected to start in 2024.
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 35.64% of its total recoverable reserves, with peak production expected in 2025. Based on economic assumptions, production will continue until the field reaches its economic limit in 2057. The field currently accounts for approximately 35% of the country’s daily output.
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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, DORIS Engineering and HD Hyundai
Main EPC: HD Hyundai
Other Contractors: Acteon Group, Loews and Airpack Nederlands
About Posco International
Posco International Corp (Posco International), formerly Posco Daewoo Corp, a subsidiary of Posco, is an international trading and investment company. The company carries out international trade, resource development, and project organization. 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, textiles, grain, and petroleum. Posco International executes overseas development projects such as power generation, railroad, ports, plants, and IT facilities; and invests in energy and mineral development projects globally. 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.
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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.
