fbpx

PTTEP pledges to continue gas production work in Myanmar

Thai oil and gas company PTT Exploration and Production (PTTEP) will continue to execute its 2020 Economic Plan, which includes work in Myanmar, said Mr Piya Sukhumpanumet, general manager from PTTEP Myanmar Asset. PTTEP is the operator of the Zawtika natural gas project, which includes the development of the Zawtika, Kakonna and Gawthaka gas fields […]

Myanmar earns US$1.8 B from natural gas export in six months

Myanma Oil and Gas Enterprise (MOGE) under the Ministry of Electricity and Energy (MOEE) produced 3.32 million of barrels of crude oil and over 623,000 million of cubic feet of natural gas from 86 offshore and onshore oil and gas blocks within the third year of this government term, according to a press conference on […]

Paper mill owes $1M for gas bill: Auditor General

The Yangon Region Auditor General’s office has revealed that the Yae Ni Paper Mill has an outstanding debt of US$1 million (K1.43 billion) owed to Myanma Oil and Gas Enterprise (MOGE). According to a report released recently, the paper mill still owes $982,446.51 for natural gas from fiscal year 2017-18. MOGE signed a gas sales […]

Myanmar seeks to rekindle its dimming gas hopes

Myanmar’s government is expected to announce major new bidding for natural gas exploration, including 15 offshore and 18 onshore blocks, in a bid to give the sluggish but potentially lucrative industry a much-needed capital infusion. But while a new exploration agreement signed last month between Myanmar’s MPRL E&P Company, France’s Total and Australia’s Woodside Energy […]

Myanmar Govt to Develop Offshore Gas With Total, Woodside and Local Company

YANGON—The state-run Myanmar Oil and Gas Enterprise signed agreements for gas production Monday with a joint venture that includes domestic company MPRL E&P Co., Woodside Energy from Australia and French energy giant Total. The agreements cover production at offshore gas block A-6, which is located some 80 km west of Pathein Township in Ayeyarwady Region […]

Drilling of new wells in Shwe gas field project to start early 2020

The overall Shwe natural gas project includes the A-1 and A-3 blocks. The A-block contains Shwe and Shwe Phyu fields and A-3 contains the Mya field. The eight development wells will be dug first at the Shwe and Shwe Phyu fields in block A-1and the work is expected to take eight months. Once the wells […]

Next bidding round for Oil & Gas blocks expected in January, retired official Says

Myanmar is expected to call the next bidding round in January 2020 after passing the draft oil and gas law, said a retired senior official. Having planned to start the process in the first half of 2019, the government has delayed the international bidding round in order to get the new bill in place. “We […]

Myanmar’s draft oil and gas bill jeopardises next bidding round

Uncertainty and confusion over Myanmar’s proposed oil and gas law risk alienating existing investors and could undermine the next crucial bidding round, according to companies and experts in the sector. Time is running out for the Ministry of Electricity and Energy to launch the round by the end of the year, having initially planned to […]

MOGE owes more than US$1.6B even as domestic demand rises

Myanmar owes China more than US$1.6 billion which it borrowed on high interest to implement projects including an oil and gas pipeline, according to a Myanmar Alliance for Transparency and Accountability (MATA) statement released based on an Extractive Industries Transparency Initiative report. It has so far repaid more in interest than the amount borrowed for […]

PTTEP to raise investments in Myanmar offshore projects to maintain gas production

Since 2014, a total of 345 million cubic feet of natural gas for daily domestic consumption and export to Thailand is channeled from the offshore Zawtika Project in the Gulf of Moattama to the Zawtika Operation Center (ZOC) in Kanpauk Township, Tanintharyi, said Mr Piya Sukhumpanumet, general manager of PTTEP Myanmar Assets. Natural gas, which […]