Woodside launches new drilling campaign offshore Myanmar

PERTH, Australia – Woodside Energy has started a three-well exploration drilling campaign offshore Myanmar. Wells will be drilled in blocks A-7, AD-1, and AD-8. Elsewhere, the VLCC oil tanker that will be converted to an FPSO for Woodside’s Sangomar oil project offshore Senegal has been cleaned out, and the vessel is preparing to depart for […]

New round of oil and gas exploration bids to be called soon

The Ministry of Electricity and Energy (MOEE) has announced that it will be calling for bids on onshore and offshore oil and gas blocks for this year. The announcement was made for 18 onshore and 15 offshore blocks in Rakhine State during the Rakhine State Investment Fair 2019 on February 22. MOEE Minister U Win […]

Natural gas from Offshore A-6 plot to be produced in 4 years

Natural gas from Offshore A-6 block will be produced in 4 years time while other offshore blocks will be opened for international tender with the government current adjusting profit sharing rates, according to Union Minister for Investment and Foreign Economic Relations, Thaung Tun. “We have found natural gas in offshore 6. But, it is a […]

Prospects of huge gas reserves in deep sea

Bangladesh has discovered the prospects of a big deep-sea gas reserve after the resolution of its maritime boundary dispute with Myanmar and India. A 2D seismic survey along the Myanmar border has revealed that Bangladesh could have a minimum of five prospective structures in the Bay of Bengal in Block D-12. The operator of the […]

Shell begins review of BG Myanmar assets

Royal Dutch Shell has embarked on a detailed review of BG Group’s assets in Myanmar after the international oil giant completed a US$53 billion acquisition of its British rival on February 15. The two companies have been in discussions about the sale since 2014, but their Myanmar assets have not yet been combined, officials said. […]

Myanmar aims high for gas discoveries in the future

THE RECENT discovery of gas in Block A-6 is just the first of numerous discoveries in Myanmar, which remains an attractive frontier for international oil and gas companies despite a plunge in petroleum prices, energy officials say. Than Minn, director for planning of Myanmar Oil and Gas Enterprise (MOGE), said the country had very great […]

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 […]

Myanmar tells Australia it’s open for business

Myanmar has extended the welcome mat and the world is beating a path its door. But not many companies from Australia are joining the rush. Glenn Robinson, the Chairman of the Australia-Myanmar Chamber of Commerce, is with the largest commercial delegation to yet visit Myanmar from Australia. He says even Australian mining companies which are […]