Gas Brings $1 Billion to State Coffers

Over $1 billion was earned from exporting gas from four gas fields as of the first week of July in 2015-16 fiscal year, according to the Ministry of Commerce. “Most gas export goes to Thailand which is a regular buyer of our gas. We have started exporting to China some time ago,” said U Win […]

UMW Bags $10m Myanmar Drilling Contract

Malaysia-based UMW Oil & Gas Corp Bhd’s unit, UMW Petrodrill (Malaysia) Sdn Bhd, has won a $10-million contract from PTTEP International Ltd Yangon Branch to provide hydraulic workover unit and related services for its M9 drilling campaign in Myanmar. The contract is for 11 firm wells with options for additional wells, and operations are expected […]