Italy’s Eni signed 2 Production Sharing Contract with Ministry of Energy

Italian energy firm Eni, following its participation in the heavily-contested international bidding for Myanmar’s onshore blocks, signed two Production Sharing Contracts (PSC) with the Ministry of Energy for RSF-5 and PSC-K onshore blocks in Nay Pyi Taw last week. The joint venture is between Eni, with a 90 percent participating interest through Eni Myanmar BV, […]

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 […]