ConocoPhillips and Statoil sign deal for deepwater block

Norway’s Statoil and US-based ConocoPhillips will invest more than US$300 million in the exploration and production of offshore oil and gas in Myanmar, according to an official from the Ministry of Energy (MOE). The two international oil companies signed a Production Sharing Contract (PSC) for deepwater block AD-10, located off Myanmar’s Rakhine coast, on April […]

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 […]

Offshore block winners announced

The Ministry of Energy today announced the winners of the highly anticipated tender to explore gas and oil in 20 offshore blocks, a list that includes several global firms including Royal Dutch Shell, US-based ConocoPhillips and France’s Total. Myanmar Oil and Gas Enterprise (MOGE) invited tenders for 30 offshore blocks in April, attracting interest from […]

Sweeping changes to Myanmar mining laws planned

Myanmar’s 1994 mining law is set for a major overhaul that could transform as much as 70% of current legislation, government officials from the Asian nation said on Sunday. Mostly undeveloped, Myanmar also known as Burma is home to vast reserves of oil and gas and minerals and metals, including gold, tungsten, copper, nickel, tin, […]

MOGE Begins Long Process to Pick Myanmar’s Oil & Gas Investors

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Negotiations have finally begun to select foreign investors to explore for oil and gas in the seas off Burma’s coast, but it could be another eight months before any licenses are awarded. The Myanmar Oil & Gas Enterprise […]

Foreign investors can own 100% of Offshore Deep Water Oil & Gas Blocks

On 10th April 2013 the Myanmar Ministry of Energy issued an announcement launching the long-awaited auction of 30 offshore blocks of oil and gas exploration on production sharing basis. For the 11 shallow water blocks – foreign investors must partner with local Burmese companies. For the 19 deep water blocks where locals do not have […]