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In the Press: Pacific Hunt Energy Prepares for Exploration Campaigns

 

 

Pacific Hunt Energy Corp., a Canadian Oil & Gas company, has been awarded onshore Blocks PSC C-1 and PSC H in the country's 2nd Onshore Bidding Round. Production Sharing Contracts with Myanmar Oil and Gas Enterprise were signed in September 2014. Initial exploration program includes seismic acquisition and exploration wells drilling. 2D Land Seismic acquisition on both blocks will be performed by to BGP Inc., CNPC, one of the world's leading geophysical service companies. The seismic land survey for both blocks total over 465 line km and is scheduled to commence in 4th Quarter 2017.

 

Pacific Hunt Energy Corp. is also planning exploration drilling campaigns on onshore blocks PSC C-1(Sagaing Region) and PSC H (Bago Region). During these campaigns exploration, wells will be drilled with the intent to confirm the presence of hydrocarbon reservoirs.

 

The first of the two planned drilling campaigns on block PSC C-1 is expected to begin in the last quarter of 2018. The second campaign is scheduled to begin at the end of 2019. On PSC H two drilling campaigns are planned, as well. The first one is expected to begin in the last quarter of 2018. The second campaign is planned to begin in the fourth quarter of 2019. 

 

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 Environmental Impact Assessments (EIA) on both PSC C-1 and PSC H. During the EIA  process public consultations will be conducted especially in the Bago and Sagaing regions. 

 

Successful development of the projects can help to satisfy growing energy needs in Myanmar.

 

About Pacific Hunt Energy
Pacific Hunt Energy is a Canadian Oil & Gas company with a focus on Myanmar. The company has been awarded Blocks PSC C-1 and PSC H in the country's 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

Grant Petersen
Managing Director
Tel: +65 6262 8593
Email: ir@pacifichuntenergy.com
www.pacifichuntenergy.com

© 2014 Pacific Hunt Energy Pte Ltd. All Rights Reserved.