Petronas executive keen on an Andaman Sea future

Malaysia’s state-owned energy firm Petronas is looking at new opportunities in Myanmar as part of a regional push, according to company senior executives. The firm has won four onshore blocks and intends to participate in future bidding rounds for offshore blocks, said Encik Sharbini Suhaili, vice president of Petronas Upstream International. “We are still looking […]

Russia, Myanmar Sign $38-m Deal on Oil Survey Wells

Bashneft International BV, a subsidiary of Russia’s largest producer of oil products Bashneft, has signed an agreement with state-run Myanmar Oil and Gas Enterprise (MOGE) for the distribution of the Block EP-4 oil well, the firm said. Bashneft International BV is the operator of the project, holding a 90 percent stake, while Sun Apex Holdings […]

Agreements inked for onshore blocks

Myanma Oil and Gas Enterprise (MOGE) signed contracts for four onshore blocks after several months’ delay on July 30, according to a statement from the ministry. The four contracts are the first of the ten production sharing contracts (PSCs) and three improved petroleum recovery contracts that need to be signed before exploration can begin on […]