Petronas’ upstream operations in Myanmar declares force majeure on Yetagun field

KUALA LUMPUR: Petroleum Nasional Bhd’s (Petronas) subsidiary, PC Myanmar (Hong Kong) Ltd (PCML), has declared force majeure on its Yetagun field on Thursday (April 1) until further notice.

This was due to depletion of gas production at the field, located in the Andaman Sea, offshore Myanmar, in Blocks M12, M13 and M14, the national oil and gas company said in a statement.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Critical factors to consider before MLFF rollout
Mah Sing in RM508mil Setapak TOD project
China to step up fiscal support
China’s oil demand growth to cool in 2024 as recovery fades
Pension fund, central bank to extend forex swap plan
Aussie central bank keeps 2% to 3% inflation target
Lending a helping hand
In China’s slowing beauty market, big-brand discounts won’t cut it
Thailand hikes minimum wage to help workers
BoJ policy path gets complicated

Others Also Read