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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. […]

Better Gas Technology, Infrastructure Crucial to Solving Power Problem

Myanmar, one of the fastest growing economies in the world, is nevertheless notorious for its insufficient supply of power. Despite several State and regional Master Plans and programs, just one third – or 3.7 million out of the 10 million households in the country – enjoys access to electricity. Meanwhile, the government’s losses, accumulated on […]

Made Island Offshore Supply Base Receives Green Light

Myanmar Chemical & Machinery Co (MCM) will fork out over US$96 million (K130 billion) under the Myanmar Citizen Investment Law to build an offshore supply base on Made Island in Kyaukphyu, Rakhine State, project director U Tin Soe told The Myanmar Times. The location lies along the 1,000-mile Rakhine-to-Kawthoung coastline, where a host of international […]

Offshore Opportunities Emerge in Wake of Gas Discoveries

Promising opportunities are emerging for Myanmar’s oil and gas service providers. Leonard Oh, executive chair of Myanmar Offshore Supply Base, discusses his company’s plan. Last week, gas was discovered at Block A-6, off the coast of Southern Rakhine, at water depths of up to 4,570 meters. It was the deepest gas well ever drilled in […]

MIC Approves Another Offshore Oil and Gas Supply Base

The Myanmar Investment Commission (MIC) has approved an application to build an offshore supply base on Made Island, in Kaukphyu, Rakhine State, by the Myanmar Chemical & Machinery Company, according to an official MIC statement. The base will be developed on 146.7 acres of land in the Made village. The approval was granted after gas […]