MPRL E&P starts drilling for Pyi Thit well-1

According to MPRL E&P, Pyi Thit Well 1 in offshore Block A-6 was spudded to appraise gas reserves and prospects. The British Virgin Island-registered MPRL E&P signed a production sharing contract (PSC) with Myanma Oil and Gas Enterprise (MOGE) in January 2007 for oil and gas exploration in Block A-6. The company has been drilling […]

$50m Offshore Oil and Gas Supply Base in Ayeyarwaddy Gets Go-Ahead

The Myanmar In­vestment Com­mission (MIC) has green-lighted a $50 mil­lion proposal to build an offshore oil and gas sup­ply base in Ayeyarwaddy Division. The facility at Nga Yoke Kaung Bay would provide berths for construction and supply vessels, ware­houses, cranes and lift­ing equipment, helicopter rescue facilities and oil spill equipment and will play a crucial […]

Fish exporters not ready for EU

Confusion about Myanmar’s readmission into the European Union’s generalized scheme of preferences on June 12 is handicapping efforts by exporters to re-enter the market, industry executives said last week. A spokesperson for the Myanmar Fishery Products Processors and Exporters Association told The Myanmar Times that the impact of duty-free access to Europe on domestic exporters […]