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 […]

Gas pipeline at Zawtika to be replaced

The replacement of a gas pipeline at the Zawtika project, offshore of Myanmar, will be conducted to reliably supply gas to Myanmar, said Mr. Piya Sukhumpanumet, general manager of PTTEP Myanmar Asset. Mr Piya was speaking to journalists during a media tour to Zawtika, located in block M-9 of the Moattama Gulf, Tanintharyi Region on […]

Registered outbound tour operators reach over 400 in Myanmar

The Ministry of Hotels and Tourism has permitted over 400 outbound tour licenses to operators since its initiation in late 2015, according to the ministry. Tourism in Myanmar is growing rapidly and has received increased interest from investors thanks to the country’s sweeping reforms. International tourist arrivals increase significantly year by year, while some local […]

Shell to Start Oil Exploration This Month

The government had earlier invited tenders from international companies for onshore and offshore exploration of oil and gas and Shell won the rights for AD9 and AD11 offshore sites in Rakhine and the MD5 site in Tanintharyi. Shell will partner with Japan-based Mitsui Oil Exploration Co Ltd. The Japanese group will also own 10 percent […]

Local energy projects will continue despite oil price collapse, say experts

International companies will not shy away wholesale from Myanmar exploration and production projects despite a collapse in global crude oil prices, according to experts. A panel discussion at the 5th Myanmar Oil and Gas Conference in Yangon on January 29 discussed the possibility that industry players may pull back on investment plans. While Myanmar is […]

UK govt promotes Myanmar oil and gas opportunities

The British government has just released a report championing the good opportunities for British companies interested in investing in Myanmar’s oil and gas sector. “Opportunities for British companies in Myanmar’s oil and gas sector” is a 16-page report published January 9 by the UK Trade and Investment department. The report claims Myanmar is “one of […]

Asia Pacific Mining Limited Announces Discovery of High-Grade Silver-Lead-Zinc Mineralization at the AP-4 Exploration License, Shan State, Myanmar

Asia Pacific Mining Limited is pleased to announce that the first month of exploration activity on its AP-4 license in Shan State, Myanmar has yielded significant discoveries of massive sulfide silver-lead-zinc mineralization. The 100% owned AP-4 exploration license was granted to APML on October 3, 2014 by the Myanmar Ministry of Mines. The 649 square […]

First PSCs for offshore coming soon

The first of the long-delayed offshore production sharing contracts could be signed as early as next week, according to government officials. Discussions over the contracts, which are necessary before exploration and production can begin, have been ongoing since March. In March the government awarded 20 international companies preliminary rights to explore and produce at the […]

Neighborhood Rivalry ‘Puts Myanmar’s Oil and Gas Sector at Risk’

Myanmar will struggle to attract new investment in oil and gas development because of a global industry slump and new competition from neighboring countries, a report said. Naypyidaw’s problem is compounded by the fact that Myanmar is increasingly being seen as an investment risk, Asia Oil & Gas Monitor said last week. With Myanmar still […]

Myanmar, Cambodia to push oil and gas business

The two Southeast Asian nations of Myanmar and Cambodia are expanding their hydrocarbon production in an effort to capitalise on ever-rising domestic and regional demand. The Myanmar government announced last week that it will let international investors bid for 15 additional offshore oil exploration blocks by the end of next year, a move that comes […]