After signing a Production Sharing Contract (PSC) for the Block A-1 offshore western Myanmar in 2000, the discovery of Shwe in 2004, Shwe Phyu in 2005, and Block A-3 Mya in 2006 was successful. Myanmar Gas Field is the largest one among overseas gas fields discovered by Korean private enterprises, after about 13 years of efforts to produce the first gas in June 2013. The gas produced in the Shwe, Shwe Phyu and Mya gas fields supplies an average of approximately 500 million standard cubic feet of gas per day (MMscfd) to Myanmar and China through a 793km-long onshore gas pipeline to the Myanmar-China border.

To secure additional gas production, the second phase of the development project was carried out with the start of Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) in July 2018. The drilling and completion of the production well and the offshore installation were completed in August 2022, then gas production is since stable.

In February 2021, as part of the third phase of the development project, EPCIC was started to install a gas LP (Low Pressure) Compression Platform for low-pressure gas production in the reservoir, and it will be installed in offshore Myanmar by 2024.

We jointly acquired Senex Energy, an energy company in eastern Australia, with Hancock Energy in 2022 as a major shareholder with a 50.1% share.
Senex Energy located in Queensland is the fifth largest oil&gas company in Australia and owns two onshore producing gas fields (Atlas and Roma North) and two exploration fields (Artemis and Rockybar).

We are operating our gas fields with an optimal development plan to achieve stable expansion and sustainability.
In addition to our main business, we are closely cooperating with Senex Energy to achieve environmentally friendly energy projects such as green hydrogen production and carbon neutrality goals.