Foreign investors can own 100% of Offshore Deep Water Oil & Gas Blocks

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Myanmar Offshore Oil & Gas Blocks; Click to download map

Myanmar Offshore Oil & Gas Blocks;
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On 10th April 2013 the Myanmar Ministry of Energy issued an announcement launching the long-awaited auction of 30 offshore blocks of oil and gas exploration on production sharing basis.

For the 11 shallow water blocks – foreign investors must partner with local Burmese companies. For the 19 deep water blocks where locals do not have the technology or capital – foreign investors can have 100% ownership of the project.

The bids for both offshore and onshore blocks were postponed in August 2012 due to concern about transparency in the bidding process.

Since then, Myanmar has joined the Extractive Industries Transparency Initiative, a Norway-based program aimed at tackling corruption in the mining and energy sectors in developing countries.

The offshore blocks available for bidding are :

Offshore Shallow Water Block (must partner with local Burmese companies) 

S/No Block Area Type of Contract
1 A-4 Rakhine Offshore Area PSC
2 A-5 Rakhine Offshore Area PSC
3 A-7 Rakhine Offshore Area PSC
4 M-4 Moattama Offshore Area PSC
5 M-7 Moattama Offshore Area PSC
6 M-8 Moattama Offshore Area PSC
7 M-15 Tanintharyi Offshore Area PSC
8 M-16 Tanintharyi Offshore Area PSC
9 M-17 Tanintharyi Offshore Area PSC
10 M-18 Tanintharyi Offshore Area PSC
11 YEB Tanintharyi Offshore Area PSC

Offshore Deep Water Block (foreign investors can have 100% ownership)

S/No Block Area Type of Contract
1 AD-2 Rakhine Offshore Area PSC
2 AD-3 Rakhine Offshore Area PSC
3 AD-4 Rakhine Offshore Area PSC
4 AD-5 Rakhine Offshore Area PSC
5 AD-9 Rakhine Offshore Area PSC
6 AD-10 Rakhine Offshore Area PSC
7 AD-11 Rakhine Offshore Area PSC
8 AD-12 Rakhine Offshore Area PSC
9 AD-13 Rakhine Offshore Area PSC
10 AD-14 Rakhine Offshore Area PSC
11 AD-15 Rakhine Offshore Area PSC
12 AD-16 Rakhine Offshore Area PSC
13 MD-1 Moattama Offshore Area PSC
14 MD-2 Moattama Offshore Area PSC
15 MD-3 Moattama Offshore Area PSC
16 MD-4 Tanintharyi Offshore Area PSC
17 MD-5 Tanintharyi Offshore Area PSC
18 MD-6 Tanintharyi Offshore Area PSC
19 YWB Tanintharyi Offshore Area PSC

International oil and gas majors such as Shell, BP, ExxonMobile, Chevron, ConocoPhilips, Total SA, KOGAS, Petronas, PTTEP, and Woodside are expected to participate in the auction.

Interested parties must submit the following documents:

  • Letter of expression of interest
  • Article of Association & Memorandum of Association
  • Certificate of Incorporation
  • Latest annual report and latest financial statement
  • Detailed track record

All document must be endorsed for authenticiy at the nearest Myanmar Embassy from the place of the Company’s registration.

The document must be placed in a sealed envelope and marked “Confidential” ” Myanmar Offshore Blocks First Bidding Round 2013)” and send to the following address before 1630 hrs on 14th June 2013 :

Director General
Energy Planning Department
Ministry of Energy
Building No 6, Nay Pyi Taw
The Republic of the Union of Myanmar.

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