Shell to Start Oil Exploration This Month

The government had earlier invited tenders from international companies for onshore and offshore exploration of oil and gas and Shell won the rights for AD9 and AD11 offshore sites in Rakhine and the MD5 site in Tanintharyi. Shell will partner with Japan-based Mitsui Oil Exploration Co Ltd. The Japanese group will also own 10 percent […]

Local energy projects will continue despite oil price collapse, say experts

International companies will not shy away wholesale from Myanmar exploration and production projects despite a collapse in global crude oil prices, according to experts. A panel discussion at the 5th Myanmar Oil and Gas Conference in Yangon on January 29 discussed the possibility that industry players may pull back on investment plans. While Myanmar is […]

UK govt promotes Myanmar oil and gas opportunities

The British government has just released a report championing the good opportunities for British companies interested in investing in Myanmar’s oil and gas sector. “Opportunities for British companies in Myanmar’s oil and gas sector” is a 16-page report published January 9 by the UK Trade and Investment department. The report claims Myanmar is “one of […]

Asia Pacific Mining Limited Announces Discovery of High-Grade Silver-Lead-Zinc Mineralization at the AP-4 Exploration License, Shan State, Myanmar

Asia Pacific Mining Limited is pleased to announce that the first month of exploration activity on its AP-4 license in Shan State, Myanmar has yielded significant discoveries of massive sulfide silver-lead-zinc mineralization. The 100% owned AP-4 exploration license was granted to APML on October 3, 2014 by the Myanmar Ministry of Mines. The 649 square […]

First PSCs for offshore coming soon

The first of the long-delayed offshore production sharing contracts could be signed as early as next week, according to government officials. Discussions over the contracts, which are necessary before exploration and production can begin, have been ongoing since March. In March the government awarded 20 international companies preliminary rights to explore and produce at the […]

Neighborhood Rivalry ‘Puts Myanmar’s Oil and Gas Sector at Risk’

Myanmar will struggle to attract new investment in oil and gas development because of a global industry slump and new competition from neighboring countries, a report said. Naypyidaw’s problem is compounded by the fact that Myanmar is increasingly being seen as an investment risk, Asia Oil & Gas Monitor said last week. With Myanmar still […]

Myanmar, Cambodia to push oil and gas business

The two Southeast Asian nations of Myanmar and Cambodia are expanding their hydrocarbon production in an effort to capitalise on ever-rising domestic and regional demand. The Myanmar government announced last week that it will let international investors bid for 15 additional offshore oil exploration blocks by the end of next year, a move that comes […]

Centurion Identifies Six Priority Exploration Targets in Myanmar

VANCOUVER, BRITISH COLUMBIA, Oct 09, 2014 (Marketwired via COMTEX) — Centurion Minerals Ltd. (CTN) (“Centurion”, “the Company”) announces that the Company has completed a reconnaissance (Phase 1) exploration program on the “Slate Belt” concession located in central Myanmar and continues to compile historical geological and exploration information. The Company has identified six priority exploration targets […]

PetroleumBRUNEI won the bid for onshore block in Myanmar

BANDAR SERI BEGAWAN:Brunei National Petroleum Company Sdn Bhd (PetroleumBRUNEI) has officially been awarded an onshore block in Myanmar after having signed a contract with Myanmar Oil and Gas Enterprise Pte Ltd (IGE) yesterday, Brudirect reported. The signing of the Production Sharing Contract (PSC) was carried out at Myanmar’s Grand Amara HOTEL in Nay Pyi Taw […]

Biggest slice yet for onshore local partners

The two latest production sharing contracts for onshore oil and gas includes the biggest share yet for the local partner. Myanmar company Young Investment Group will have a 25 percent stake in onshore blocks C-1 and H, with state-owned Myanma Oil and Gas Enterprise and Young’s Canadian partners Pacific Hunt Energy Corporation controlling the rest. […]