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 […]

Myanma Oil and Gas Enterprise to invite open Discussion for the Establishment of Offshore Supply Base Joint Venture; during period: May 25th to June 12th, 2015

THE GOVERNMENT OF THE REPUBLIC OF THE UNION OF MYANMAR MINISTRY OF ENERGY (ANNOUNCEMENT) INVITATION TO OPEN DISCUSSION FOR THE ESTABLISHMENT OF OFFSHORE SUPPLY BASE JOINT VENTURE   Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens.   Myanma Oil and Gas Enterprise (M.O.G.E), a state owned […]

Singapore Firm Probe Myanmar’s Offshore Oil

Berlanga Myanmar Pte Ltd, a Singapore-based oil exploration firm, will cooperate with Myanmar-based A-1 Mining Co Ltd and the state-run Myanmar Oil and Gas Enterprise to explore an offshore oil block, reported the Global New Light of Myanmar. The offshore block, designated Motamma M-8, will be the subject of a one-year feasibility study, followed by […]

UK’s Ophir Energy Signs PSC with Gov’t

UK-based oil and gas exploration firm Ophir Energy has signed a production sharing contract (PSC) with the Myanmar Ministry of Energy, finalising the award of the offshore Block AD-03 prospect. The company holds a 95 percent operated interest in the block, which is located in the Rakhine Basin. “The Block AD-03 PSC contains multiple mapped […]

PetroleumBRUNEI won the bid for onshore block in Myanmar

BANDAR SERI BEGAWAN:Brunei National Petroleum Company Sdn Bhd (PetroleumBRUNEI) has officially been awarded an onshore block in Myanmar after having signed a contract with Myanmar Oil and Gas Enterprise Pte Ltd (IGE) yesterday, Brudirect reported. The signing of the Production Sharing Contract (PSC) was carried out at Myanmar’s Grand Amara HOTEL in Nay Pyi Taw […]

PTTEP earmarks $3.3 bn for Myanmar

Investment budget set till end-2018 as energy giant celebrates 25th year in neighbouring country PTT Exploration and Production (PTTEP) will invest a total of US$3.3 billion (Bt106.4 billion) in Myanmar through to the end of 2018, president and CEO Tevin Vongvanich said after celebrating the listed company’s 25th anniversary of successful operations in the neighbouring […]

PTTEP advances in Myanmar with MOGE award

PTTEP South Asia has signed a production sharing contract (PSC) with Myanma Oil and Gas Enterprise (MOGE) for onshore exploration and production rights of MOGE 3 block “This investment in Myanmar is a significant operational progress in line with PTTEP long term growth direction to explore the high potential areas,” said Tevin Vongvanich, president and […]

MIC approves more firms for onshore oil and gas exploration

The Myanmar Investment Commission has given approval to more than 15 new oil and gas companiesto invest in onshore blocks in Myanmar since July. All have signed production-sharing contractswith the government. The firms include foreign and local companies, and the exploration blocks are located in six states and regions: Mon, Kayin, Taninthayi, Bago, Sagaing and […]

Myanmar’s Oil Production Tipped to Decline; Fuel Imports to Increase

Myanmar will become increasingly dependent on imported crude oil and refined fuels over the next ten years because of a lack of planning and investment, an industry report has forecast. A rise in crude oil imports is highly likely in spite of an expected upsurge in onshore and offshore exploration in coming years, while underinvestment […]

Ministry Drafts Long-term Plan to Tackle Energy Crisis

The Asian Development Bank (ADB) and the Ministry of Energy (MoE) are said to be in the process of drafting and implementing a long-term energy master plan, according to U Myint Zaw, deputy minister for energy. According to statistics released by the MoE, Myanmar produced only 42 percent of gasoline and 11 percent of the […]