YANGON—ENI, a multinational oil and gas company headquartered in Italy, will explore for oil and gas in eight townships in Mandalay Region, U Tin Win Hlaing, the chairman of the Mandalay regional parliament’s Industry, Energy and Electricity Committee, confirmed to The Irrawaddy. Exploration will be carried out in PSC-K, an onshore oil and gas block […]
BG Group and Woodside to start offshore exploration
BG Group will undertake 3D seismic surveys in blocks A-4 and AD-2 in the Rakhine basin off the western coast of Myanmar, starting from November 23. The company will conduct seismic campaigns using a Ramform Sovereign ship until the end of April 2016, according to the statement. Woodside Energy also will carry out 3D seismic […]
Secrecy haunts oil sector, says Global Witness NGO
High levels of corporate secrecy must be tackled if Myanmar is to benefit from its oil and gas wealth, claimed international NGO Global Witness. It released a report highlighting its attempt to find the ultimate beneficial owners of the 47 international and local companies that won rights to 36 onshore and offshore blocks in Myanmar […]