CAOG Pte Ltd, a fully-owned subsidiary of Berlanga International, continued to offer a farm-in opportunity in the onshore block MOGE-4, located in the Pyay Embayment (Central Burma Basin), in June 2020. This opportunity is likely aimed at identifying a potential partner to participate in two commitment exploration wells in the block in 2H 2020, ahead of the exploration period expiry at the end of November 2020.  The wells will likely target the Lower Miocene carbonates of the Pyawbwe Formation, analogue to the nearby Htantabin field, and the Upper Oligocene sandstones of the Okhmintaung Formation. Total depth is expected to be approximately 1,000 m for each well. Prospective resources for the main prospects and leads have been estimated between 60 and 180 Bcfg for high-case recoverable volumes. As of late 2019, Berlanga indicated an estimated drilling cost of approximately USD 10-15 million.  The MOGE-4 block is believed to be as-condensate prone, and is located near existing facilities serving producing fields in the area. A total of 390 km of 2D data was acquired by contractor AlphaGeo (India) Limited in 2016.  The first three-year exploration period for the block commenced on 1 December 2015 and expired on 30 November 2018. The operator submitted a request for extension in late August 2017 and approval was granted in February 2018, pushing the expiry to the current date of 30 November 2020.     The block was offered as part of the Myanmar 2013 Onshore Bidding Round. Luxemburg-based CAOG and local partner AOEX Geo Services Co Ltd were announced as winners of the block in October 2013, and a PSC was officially signed in September 2014.   CAOG holds 94.5% operating interest in the block while Apex Geo Services holds the remaining 5.5%. The farm-in opportunity was first offered in December 2015.  A data room is available in Yangon. Interested parties may contact:  Hans Braakman  Email: hans.braakman@berlanga-group.com  Romain Courel  Email: romain.courel@berlanga-group.com  Background Information  Block MOGE-4, covering 912 sq km, is located in the Myintha area, in the southern part of the Pyay Embayment Sub-basin. The block is one of the blocks offered in Myanmar first bidding round in 2011 and was initially awarded to Tianjin New Highland petroleum Co and SUNTECH Company in late December 2012. The official PSC was not awarded for unknown reason, but most likely the PSC terms and discussion did not go through.  The block was last operated by MOGE since 7 March 2005. The block contains the Htantabin field, discovered in 1981 by MOC. The field was brought onstream in November 1981 and produced approximately 550 Mb until 1987. Subsequently, the field was believed to produce intermittently at a very low rate of around 10 bo/d and 1,000 Mscf/d. The field production was reportedly suspended as of March 2009. The field main reservoir is constituted by fractured limestones within the Pyawbwe Formation. At least 22 appraisal and development wells have been drilled on the field. MOGE also acquired a total of 94km of seismic lines over the field during 1998, and further 78km of 2D data from January to June 1999.  In addition to the Htantabin discovery, four other new-field wildcats have been drilled in the block. Two dry wells, Htantaung 1 and Myintha 1, were drilled by unknown operators in the central part of the block. Between 1991 and 1992, MOGE drilled Chinmyaung 1 to a depth of 3,116m. The well was tested over several intervals but only encountered gas shows. In 2000, MOGE drilled the Kansei 1 wildcat to a TD of 1,591m. The well, located about 3km east of the Htantabin field, is assumed to be dry.
Myanmar (Central Burma B.) MOGE-4 op. by BERLANGA (95%), GIS (6%), CAOG Pte Ltd MOGE-4 - Farm-in opportunity still available (update)