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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 […]

Govt coffers held back by SOEs: EITI

A representative of the Extractive Industries Transparency Initiative (EITI) said Myanmar’s government fails to understand the severity of how the so-called Other Accounts of state enterprises are holding back the country’s development. EITI will be organising a workshop on reforming state-owned enterprises (SOEs) engaging in this sector will be held mid-February, according to EITI trilateral […]

MOGE – 3D Seismic Data Acquisition Tender. Closing Date 15 Jan 2019

THE REPUBLIC OF THE UNION OF MYANMAR MINISTRY OF ELECTRICTY AND ENERGY MYANMA OIL AND GAS ENTERPRISE (INVITATION FOR OPEN TENDER) (29/2018)   Open tender is invited for supply of the following services in United States Dollars.   Tender No:   MOGE-C001/2018 Description:  Provision of 3D Seismic DataAcquisition Services for Onshore Block RSF-1 Currency:     USD The […]

Better oil and gas deals needed in the future, say experts

Efforts must be taken to lessen Myanma Oil and Gas Enterprise’s (MOGE) tax burden from contracts signed with joint-venture firms to work offshore oil and gas fields, a report states. According to the “State-Owned Economic Enterprise Reform in Myanmar: The Case of Natural Resource Enterprises” report by the Natural Resource Governance Institute (NRGI) and Renaissance […]

Gas pipeline at Zawtika to be replaced

The replacement of a gas pipeline at the Zawtika project, offshore of Myanmar, will be conducted to reliably supply gas to Myanmar, said Mr. Piya Sukhumpanumet, general manager of PTTEP Myanmar Asset. Mr Piya was speaking to journalists during a media tour to Zawtika, located in block M-9 of the Moattama Gulf, Tanintharyi Region on […]

Exploratory oil well starts work in Myanaung

Drilling of an exploratory well – Shwesitaw Well No 1 in IOR 7 Block in Myanaung, Hinthada District, Ayeyarwady, has started on November 4. Based on 3D seismic survey data, oil and gas prospects were found in the block which Shwesitaw Well No 1 will explore. The target depth of the well is 2450 metres. […]

Myanmar faces energy crossroads

Myanmar’s government has announced new oil and gas tender plans just as green shoots are being sighted in Southeast Asian upstream investment. But the country’s private sector has said tough fiscal measures must be carefully revised to entice international energy investment. The Ministry of Electricity and Energy plans to offer 18 onshore and 13 offshore […]

Shrouded in secrecy, SOE profits are not financing country’s development

Reallocation of excess savings from Myanmar Gems Enterprise (MGE) and Myanma Oil and Gas Enterprise (MOGE) alone could provide more than K2.8 trillion in available financing for the government’s budget in the fiscal year starting from October, on top of covering expenses of the two state-owned enterprises. The government has lost more than US$2 billion […]