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New prospects in Myanmar’s oil and gas blocks

Next month, 15 offshore blocks and 18 onshore blocks will be put up for tender. It is Myanmar’s second international bidding and local and foreign oil firms are interested in participating. But how much oil and gas is present? Are more discoveries possible? Which blocks have potential? Industry watchers may wish to know. Among the […]

Commercially proven gas reserves found in offshore Zawtika field

PTTEP Myanmar Asset, a subsidiary of Bangkok-based PTT Exploration and Production, has found commercially proven gas reserves at the M9 block of the Zawtika project located 300km southwest of Yangon in the Gulf of Mottama. The company’s General Manager Piya Sukhumpanumet said in a press release that one of the successful wells, Zawtika-24, has commercially […]

PTT’s Expansion Plans Will Benefit Myanmar’s Natural Gas And LNG Sector

Myanmar’s energy sector will benefit from PTT’s overseas expansion strategy, as the state-owned looks to diversify away from the mature and saturated Thailand market. PTT’s focus will be on natural gas, demand for which is expected to expand at a robust rate in Myanmar, alongside shifting government power policy. PTT investment will improve domestic gas […]

Domestic natural gas to be made available by 2023: MOEE

Larger volumes of natural gas will be available from Myanmar’s onshore and offshore gas fields within the next five years, yielding fresh opportunities for international oil and gas firms to invest in the sector, said U Win Khaing, Union Minister for Electricity and Energy (MOEE). “Gas production will be a priority for the government over […]

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 […]

Thailand’s PTT poised to gain from Myanmar deal

THAI and Myanmar officials will sign a memorandum of agreement at a meeting of Asean energy ministers next month that will take energy giant PTT a step closer towards a major gas project across the border. The singing of the agreement will pave the way for PTT to conduct a study on a Bt20 billion […]

Myanmar govt expected to earn Ks 1.8 trillion from natural resources this year

State-owned enterprises extracting natural resources are expected to earn over Ks 1.8 trillion during the 2017-2018 fiscal year, according to this year’s budget statement. Those enterprises are the Myanmar Oil and Gas Enterprise, the No 1 Mine Industry, the No 2 Mine Industry and the Myanmar Gems Enterprise. Between April 2017and March 2018, the Myanmar […]

MOGE ventures into onshore services

Myanma Oil and Gas Enterprise (MOGE), a state-owned company responsible for the upstream oil and gas sector under the Ministry of Electricity and Energy of the Republic of the Union of Myanmar, plans to establish three joint ventures with international service companies by 2H 2017. The partnerships will focus on onshore seismic acquisition services, onshore […]

PTTEP partners with Total in Myanmar’s MD-7 field

PTT Exploration and Production Plc (PTTEP) has entered into a partnership agreement with Total E&P Myanmar, divesting a 50% participating interest in the Myanmar MD-7 Project. The company will collaborate with Total in the exploration and development activities in the block, which is located in the Gulf of Moattama, offshore Myanmar. The transaction has been […]

Myanmar earns $2.4 billion from natural gas exports

The export value of natural gas as of January this financial year amounted to US$2.4 billion, whereas in the same period of last year the figure was $3.5 billion, a slump of more than $1.1 billion, according to the Commerce Ministry. An expert said the decline in the export value of the gas is linked […]