PSC

North Petro Chem Corporation Ltd of China exploring gas field in Ngahlaingtwin area

July 11, 2017 by Thiha

Deputy Minister for Electricity and Energy Dr. Tun Naing described joint oil and gas exploration and production projects between Myanma Oil & Gas Enterprise (MOGE) and North Petro Chem Corporation Ltd of China to yesterday’s meeting of the Amyotha Hluttaw. The deputy minister said North Petro Chem Corporation Ltd signed a PSC with MOGE for […]

Filed Under: Latest News Tagged With: Amyotha Hluttaw, China, compensation, Deputy Minister, Dr Tun Naing, Electricity and Energy, joint Myanmar-Chinese, Magway Region, moge, Myanma Oil & Gas Enterprise, Myanmar, Myanmar’s Farm Land Law, North Petro Chem Corporation Ltd, NPCC, oil and gas exploration project, PSC, PSC-F Block, royalties, Salin Township, The Deputy Minister

No Further Bidding Round for PSC Blocks

June 7, 2017 by thiha

There are no immediate plans to hold another bidding round for the oil and gas blocks in Myanmar, a senior official from the Ministry of Electricity and Energy (MOEE) told The Myanmar Times. “No plan has been made for a new bidding round. There isn’t any plan under arrangement on the management level,” he said. Bidding […]

Filed Under: Latest News Tagged With: Energy, Ministry of Electricity, MOEE, Myanmar Firms, production sharing contract, PSC, The Myanmar Times

Posco Daewoo assigned for deep sea gas exploration in Bay of Bengal

March 21, 2017 by Thiha

State-owned Petrobangla on Tuesday entered into the final deal with Posco Daewoo International Corporation to award it the deep sea (DS) gas block -12 in the Bay of Bengal for hydrocarbon exploration. Under the deal, the South Korean oil major will invest between $60-120 million in the next five years for conducting 2D and 3D […]

Filed Under: Latest News Tagged With: company, Dhaka AHN Seong-doo, Dr Tawfiq-e-Elahi Chowdhury, DS, gas, LNG, Nasrul Hamid, Nazimuddin Chowdhury, Petrobangla, Petrobangla Chairman Abul Mansur Md Faizullah, POSCO Daewoo, Power and Energy Nasrul Hamid, PSC, South Korean, Tawfiq Elahi Chowdhury, the CEO, Young-Sang Kim

ConocoPhillips and Statoil sign deal for deepwater block

May 5, 2015 by thiha

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 […]

Filed Under: Latest News Tagged With: Berlanga Holding, BG Group, Canadian Foresight Group, Chevron, ConocoPhillips, Eni, Erling Vagnes, Mercator Petroleum, MIC, Ministry of Energy, MOE, moge, Myanmar, Myanmar investment commission, Myanmar Oil and Gas Enterprise, Norway, Oil India, Oilmax Energy, Ophir Energy, PetroVietnam, production sharing contract, PSC, Reliance Industries, ROC Oil Company, Shell, Statoil, Tap Oil, Total, Transcontinental Group, Woodside Energy

UK’s Ophir Energy Signs PSC with Gov’t

December 16, 2014 by thiha

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 […]

Filed Under: Tenders & Awards Tagged With: Block AD-03, Energy, gas, Myanmar, offshore, oil, onshore, Ophir Energy, PSC, UK

Offshore block winners announced

March 27, 2014 by thiha

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 […]

Filed Under: Latest News Tagged With: bidding, Chinese, ConocoPhillips, director-general, EIA, Environmental and Social Impact Assessment, France's Total, MIC, Ministry of Energy, moge, Myanmar investment commission, myanmar offshore tender, Naypyidaw, oil & gas, production sharing contract, PSC, result, Royal Dutch Shell, sanction, Thai, U Pe Zin Tun, winner

Sweeping changes to Myanmar mining laws planned

November 8, 2013 by thiha

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, […]

Filed Under: Latest News Tagged With: Brutal Crackdown, Former Military, Minerals and Metals, Mining Law, Ministry of Mines, production sharing contract, PSC, Transform, Wanbao Mining

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

August 6, 2013 by thiha

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 […]

Filed Under: Tenders & Awards Tagged With: Australia, BP, Brunei National Petroleum Company, Chevron, Collin Reynolds, ConocoPhillips, Daewoo, deep-water blocks, Energy Planning Department, Eni, EPD, extension, ExxonMobil, France, GAIL, hailand, India, Japan, Michael Moe Myint, moge, MPRL E&P, Myanmar Oil & Gas Enterprise, Navitas Petroleum, Nippon Oil, offshore block, ONGC, Petronas, PetroVietnam, Platts, production sharing contract, PSC, Repsol, ROC Oil, selection process, Shell, shortlisted, Shwe, South Korea, Statoil of Norway, tax holiday, Total SA, Twinza Oil, unknown potential, Woodside, Yadana, Yetagun

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

April 18, 2013 by thiha

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 […]