‘Romantic North’ reserves vital to domestic energy supply

Oil consumption in Myanmar is likely to double by 2025, meaning that new discoveries are essential to meet energy demand for the future without relying too heavily on imports. But some fear the dream of finding large proven reserves may not be realised. The likelihood of finding commercially viable reserves in recently awarded onshore and […]

Young Investment and Aust company get drilling permits

Two companies have received permits to drill for oil in areas in the centre and north of the country, the Ministry of Energy has said. Young Investment Group and Pacific Hunt Energy, an Australian firm, have won permission from Myanma Oil and Gas Enterprise (MOGE) and the government to drill on over 10 million acres […]

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. […]