PTTEP sells interest in another Myanmar onshore block

A subsidiary of Thailand’s state owned PTT Exploration and Production (PTTEP) has sold a 10 percent holding in another Myanmar onshore block, as international oil prices touch as near-seven-year low, the company said yesterday. PTTEP South Asia sold its 10pc interest in onshore block MOGE-3 to Japanese Mitsui Oil Exploration (MOECO), the same company that […]

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 […]