UMW Bags $10m Myanmar Drilling Contract

Malaysia-based UMW Oil & Gas Corp Bhd’s unit, UMW Petrodrill (Malaysia) Sdn Bhd, has won a $10-million contract from PTTEP International Ltd Yangon Branch to provide hydraulic workover unit and related services for its M9 drilling campaign in Myanmar. The contract is for 11 firm wells with options for additional wells, and operations are expected […]

Myanmar Won’t Export New Gas Finds Until Domestic Needs Met, Says Official

New discoveries of natural gas or oil will not be exported until Myanmar’s own domestic demand is satisfied, a senior planner in the Ministry of Energy has disclosed. Confirmation of the decision comes as the ministry is set to name this month the winners of a major international auction for 30 offshore exploration licenses in […]