Ministry scrambles after leaking offshore bidding news

The Ministry of Energy called an emergency meeting yesterday after an unnamed official told state newspaper Myanma Alinn that bidding rounds for oil and gas blocks would be announced next year. “In 2016, we will announce bidding rounds for 26 oil and gas blocks including onshore and offshore. The future bidding rounds are aiming to […]

No more bidding on oil and gas blocks planned until at least 2016, says senior MOGE official

Myanmar Oil and Gas Enterprise (MOGE) will not launch any new onshore or offshore bidding rounds this year, and will focus instead on the development of recently contracted blocks, the state-owned enterprise said last week. “We are not going to launch any more bidding until 2016, as previous bidding rounds are still ongoing. In the […]

Woodside signs PSCs for four Myanmar offshore blocks

Woodside has signed production sharing contracts (PSCs) for Myanmar offshore blocks AD-2, AD-5, A-4 and A-7. The AD-5 and A-7 blocks are located in the southern Rakhine basin, while AD-2 and A-4 are situated in the northern part of the basin. Woodside operates and holds a 55% and 45% interest in AD-5 and A-7 respectively. […]

First PSCs for offshore coming soon

The first of the long-delayed offshore production sharing contracts could be signed as early as next week, according to government officials. Discussions over the contracts, which are necessary before exploration and production can begin, have been ongoing since March. In March the government awarded 20 international companies preliminary rights to explore and produce at the […]