Shell to Start Oil Exploration This Month

The government had earlier invited tenders from international companies for onshore and offshore exploration of oil and gas and Shell won the rights for AD9 and AD11 offshore sites in Rakhine and the MD5 site in Tanintharyi. Shell will partner with Japan-based Mitsui Oil Exploration Co Ltd. The Japanese group will also own 10 percent […]

Shell offshore survey to begin next month

The Anglo-Dutch firm and its Japanese partner Mitsui Oil Exploration signed production sharing contracts with Myanmar in February for blocks AD-9 and AD-11 in the Rakhine basin, and MD-5 in Tanintharyi basin. The firms won the blocks as part of the 2013 offshore bidding round, which saw 20 blocks won by several international companies. Graeme […]

Offshore Upstream Activities Taking Shape in Myanmar, Slowly

The year-long process by Myanmar to formally conclude the award of 20 production sharing contracts (PSCs) offered in Offshore Bidding Round – 2013 is finally within sight and the remaining blocks are expected to be awarded soon. Despite the current industry downturn, arising from low oil prices which fell by over half since the second […]

Despite capacity constraints, oil & gas industry still promising

Win Khaing, a member of National Energy Management Committee and chairman of United Engineering Co Ltd, said the industry itself brings a lot of opportunities for foreign investors to do business in the newly-opened nation. “Probable and possible uncontracted gas would amount to 4,000 MMCFD over 30 years. It definitely indicates the level of optimism […]

Shell Inks Contract to Explore 3 Offshore Oil and Gas Blocks

RANGOON — Royal Dutch Shell and its Japanese partner Mitsui Oil Exploration Co., Ltd. (MOECO) signed an exploration and production sharing contract with state-owned firm Myanma Oil and Gas Enterprise (MOGE) in Naypyidaw on Thursday for three offshore deep-water blocks. The contract allows Shell to assess the potential of deep-water blocks AD-9 and AD-11 off […]

Deepwater rigs to come to Myanmar

Deepwater production is perhaps the most complicated method of petroleum extraction – and one with which Myanmar has little experience. While there are currently four offshore platforms in the country’s waters – Yetagun, Yadana, Shwe and Zawtika – all are considered to be shallow-water projects. Yet Myanmar auctioned off the rights to explore and eventually […]