Drilling began on the YNG 3261 development well in the Yenangyaung oil field in Myanmar. The primary objective is to accelerate production from oil reservoirs that produce from the several wells in the fault block. Interra Resources’ jointly controlled entity, Goldpetrol Joint Operating Company, operates the field. Interra has a 60% interest in the field’s improved petroleum recovery contract and owns 60% of Goldpetrol.
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