Singapore – August 29, 2018. Pacific Hunt Energy (the “Company”) has been awarded onshore Blocks PSC C-1 and PSC H in the country’s 2nd Onshore Bidding Round. Production Sharing Contracts with Myanma Oil and Gas Enterprise were signed in September 2014. The initial exploration program includes processing and interpreting data, various G&G studies, and the completion of seismic acquisition and drilling of wells.
Pacific Hunt Energy’s first drilling campaign on PSC C-1 is set to last from December 2018 until May 2019. The campaign consists of a total of three wells. The wells are drilled with the intent to confirm the presence and quantity of hydrocarbon reservoirs. The Company’s second drilling campaign is scheduled to begin at the end of 2019. Details of the latter campaign will be shared closer to the time.
In order to be compliant with local laws and regulations, and in order to fulfil the commitments of the EIA Procedure (2015), Pacific Hunt Energy has contracted an independent third-party consultant, ARTELIA, to perform an Environmental Impact Assessment (EIA) on PSC C-1. During the EIA process public consultations will be conducted in Sagaing Region and elsewhere in accordance with the EIA Procedure.
Successful development of the project can help satisfy growing energy needs in Myanmar.
About Pacific Hunt Energy
Pacific Hunt Energy is an Oil and Gas company headquartered in Singapore. The company has been awarded Blocks PSC C-1 and PSC H in the Myanmar 2013 Onshore Bidding Round. The land acreage for both blocks totals over 42,000 km2, providing Pacific Hunt Energy with the largest onshore oil and gas exploration acreage position in Myanmar.
For more information, please contact:
Pacific Hunt Energy Pte Ltd
Tel: +65 6262 8593