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Myanmar awards onshore oil and gas blocks - biggest energy Tender in years

Posted on : 17 Jan, 2012

 

Burma has awarded 10 onshore oil and gas blocks to eight companies in its biggest energy tenders in years , according to a report. The blocks were awarded mostly to Asian companies, including Malaysia's Petronas , Thailand's PTT Exploration and Production and Jubilant Energy, India.

 

The positive developments currently taking place as Myanmar is precisely what  CMT’s MOGP (Myanmar Oil, Gas & Power) summit on 27-28 Mar, 2012 aims to unveil. Key industry experts in Yangon will deliberate not just on Geological Outlook on the Oil/Gas Blocks for E&P, and Opportunities for Foreign Investment/Ventures but expected to shed light on details about projects already given out to:   

 

i.           Malaysia’s Petronas has won right to explore two blocks

ii.          Thailand’s PTT Exploration and Production has also won two blocks

iii.         PT ITSTECH Resources Asia , Indonesia, one block

iv.         Tianjin New Highland ,China, one block

v.          Hong Kong-listed EPI Holding, one block

vi.         Jubilant Energy, India bagged a production sharing block

vii.        Switzerland-based Geopetrol International Holdings Inc secured secured the rights for a marginal oil field

viii.       Russian-linked CIS Nobel Oil Company won a production sharing contract for one oil and gas field

 

The final agenda with speakers details and sessions are currently being finalized and will be released shortly. Meanwhile one can contact Ms. Huiyan at huiyan@cmtsp.com.sg  or +65 6346 9113 or Pre-Register now.

 

Source: Myanmar times(9 Jan, 2012)