Ryder Scott certifies GAIL''s Shwe field reserves in Myanmar

GAIL India Ltd has announced that the ''original gas-in-place'' (OGIP) reserves of the Shwe field in Block A-1 offshore, Myanmar-one of its international E&P venture, has been certified by Ryder Scott, an international third-party consulting firm. The OGIP is certified between 2.88- trillion cubic feet to 3.56-trillion cubic feet.

GAIL, along with consortium members Daewoo International Corporation, operator of the block, OVL, ONGC''s overseas arm, and Korea Gas Corporation, is carrying out exploration in the block A-1, Myanmar.

During the 2005-2006, the consortium has plans to drill six or seven wells in Blocks A-1 and A-3, an exploration block adjacent to A-1, and three appraisal wells at the Shwe Phyu field in block A1, two or three exploratory wells at the Shwe Nilar and Ngwe North prospects in block A-1, and one exploratory well in Block A-3.

GAIL has been considering possible options to bring the gas from A-1 to India and their feasibility has also been carried out by it, says the company. GAIL''s team plan to visit Myanmar shortly to present its plans to bring the gas to Indian markets to all the consortium members and subsequently to Myanmar''s ministry of energy.