Myanmar oil and gas: optimism amid oversupplies and low prices

Despite growing calls for amending their production-sharing contracts in light of plunging oil prices, oil and gas companies operating in Myanmar are still optimistic, as gas was recently discovered in Block A-6. Xavier Preel, general manager of Total E&P Myanmar – one of the three operators of the block – said yesterday that it is […]

Myanmar set to emerge Asian leader in oil, gas exploration

Despite the slump in energy prices, oil and gas fields in Myanmar will soon be the busiest in Asia as foreign and local investors begin to ratchet up their explorations, a recent seminar was told. Waranon Laprabang, senior vice president of PTT Exploration and Production, said oil prices are creeping up. “For now, operators need […]