Unlocking a ‘Sleeping Petroleum Giant’

YANGON — Potential investors at a hotel conference room in Yangon in September were invited to salivate over Myanmar’s geology. By all accounts, the maps and cross-section graphics on display indicate that the country is sitting on vast energy wealth. Although the exact quantities of hydrocarbons are unknown, “it can be envisaged as a sleeping […]

Competition intensifies for Myanmar’s offshore oil blocks

Competition to win the contract to operate 30 offshore oil blocks in Myanmar coastal regions has intensified among Chinese, Indian and other global oil companies, said an industry observer. State-owned Myanmar Oil and Gas Enterprise (MOGE) has recently announced a list of international firms shortlisted for the tender of 30 offshore blocks- 11 in shallow […]

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

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 […]