ConocoPhillips and Statoil sign deal for deepwater block

Norway’s Statoil and US-based ConocoPhillips will invest more than US$300 million in the exploration and production of offshore oil and gas in Myanmar, according to an official from the Ministry of Energy (MOE). The two international oil companies signed a Production Sharing Contract (PSC) for deepwater block AD-10, located off Myanmar’s Rakhine coast, on April […]

Offshore Contracts Signed, But Delays Abound

One of the 13 foreign companies to win offshore oil and gas exploration licences in March has announced it has finally negotiated a production-sharing contract with the state Myanma Oil & Gas Enterprise (MOGE). But an industry report said it could be the next decade by the time any new oil or gas is actually […]

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 […]

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, […]

Myanmar Awards Offshore Oil and Gas Deals to Foreign Firms

YANGON — Myanmar’s Ministry of Energy on Wednesday announced that it has awarded international firms, mostly from Western nations, 20 areas in its waters to explore for oil and gas. The government has invited international firms to come in and help bolster state revenues by tapping into Myanmar’s oil and gas reserves, and large multinationals […]

Energy giants win Myanmar offshore oil and gas blocks

YANGON: Myanmar named energy giants Chevron, Shell and Total among the winners Wednesday of a landmark auction of offshore oil and gas exploration rights, pinning hope on its natural resources to drive economic growth. The country, left impoverished by nearly five decades of isolation under military rule, has been the subject of feverish interest by […]

Offshore block winners announced

The Ministry of Energy today announced the winners of the highly anticipated tender to explore gas and oil in 20 offshore blocks, a list that includes several global firms including Royal Dutch Shell, US-based ConocoPhillips and France’s Total. Myanmar Oil and Gas Enterprise (MOGE) invited tenders for 30 offshore blocks in April, attracting interest from […]

Sweeping changes to Myanmar mining laws planned

Myanmar’s 1994 mining law is set for a major overhaul that could transform as much as 70% of current legislation, government officials from the Asian nation said on Sunday. Mostly undeveloped, Myanmar also known as Burma is home to vast reserves of oil and gas and minerals and metals, including gold, tungsten, copper, nickel, tin, […]

10 foreign companies win tender for oil, gas exploration in Myanmar

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Ten foreign companies have won tender for oil and gas exploration at 16 onshore blocks in Myanmar out of 18 set for the bidding, a release of the Ministry of Energy said Friday. The tender winners are those […]

MOGE Begins Long Process to Pick Myanmar’s Oil & Gas Investors

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Negotiations have finally begun to select foreign investors to explore for oil and gas in the seas off Burma’s coast, but it could be another eight months before any licenses are awarded. The Myanmar Oil & Gas Enterprise […]