YANGON—The state-run Myanmar Oil and Gas Enterprise signed agreements for gas production Monday with a joint venture that includes domestic company MPRL E&P Co., Woodside Energy from Australia and French energy giant Total. The agreements cover production at offshore gas block A-6, which is located some 80 km west of Pathein Township in Ayeyarwady Region […]
Drilling of new wells in Shwe gas field project to start early 2020
November 14, 2019 by
The overall Shwe natural gas project includes the A-1 and A-3 blocks. The A-block contains Shwe and Shwe Phyu fields and A-3 contains the Mya field. The eight development wells will be dug first at the Shwe and Shwe Phyu fields in block A-1and the work is expected to take eight months. Once the wells […]
ENI to start oil exploration process in Magwe this year
May 27, 2019 by
Italian oil and gas company Eni Myanmar B.V (ENI) will commence oil exploration in onshore block RSF-5 located in Magawe Region by the end of the year, the company announced on May 20. Exploration work will start between November and December, it said. The block sits across 320,000 acres and ENI is allowed a six-year […]
New round of oil and gas exploration bids to be called soon
February 28, 2019 by
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 […]
Posco Daewoo to invest $94.2 mn for gas well development in Myanmar
December 19, 2018 by
Posco Daewoo Corp., the energy development unit of South Korean steelmaker Posco, will develop new subsea wells for stable gas production near its offshore production base in the A-3 block in Myanmar with an investment of $94.2 million. Drilling of three new wells will start in the first quarter of 2020, the company announced Monday. […]
Domestic airlines will not raise airfares yet despite rising fuel prices
October 18, 2018 by
Despite rising global oil prices, domestic airlines have no plans yet to raise airfares to compensate for higher jet fuel costs. They said this will help encourage domestic air travel while the number of foreign travelers within the country is still low. “We haven’t increased our fares even though fuel costs have risen. We have […]
POSCO DAEWOO to invest 511.7 bln won in Myanmar gas field
June 7, 2018 by
POSCO DAEWOO Corp., the trading-to-energy development unit of steelmaker POSCO, said Thursday it will invest 511.7 billion won ($475 million) in a joint gas field development project in Myanmar. POSCO DAEWOO will head the joint project, in which India’s state-run Oil and Natural Gas Corporation, the Myanmar Oil and Gas Enterprise, Gail (India) Ltd. and […]
Singapore Company Plans to Expand Petroleum Exploration in Myanmar
July 22, 2017 by
YANGON, Aug. 17 (Xinhua) — A Singapore-based company, Interra Resources Ltd, is negotiating with Myanmar’s energy authorities to win an 11-year deal for expanding petroleum resources exploration and development in two oil fields, official media reported Thursday. The expansion project, which covers 1,800 square km, will be carried out in Chauk and Yenangyaung oil fields […]
MOGE Tender for 24 inch Yadana Offshore Domestic Gas Pipeline (13/2017) Closing Date 31 August 2017
July 17, 2017 by
Subscribe to our tender alert mailing list Open tenders are invited for service of the following operations in United States Dollars. Sr.No Tender No Description Remark (1) OS-001(17-18) 24″ Yadana Offshore Domestic Gas Pipeline (Side Scan Sonar Survey & Freespan Rectification) US$ Tender Closing Date &Time – 31.8.2017, 16:30 Hr Tender Document shall be available […]
