Petronas, the existing operator of the Yetagun gas project has handed the project over to Gulf Petroleum Myanmar (GPM), Petronas is the exiting operator of the Yetagun gas project, under a partnership with PTTEP and the ENEOS consolidated subsidiary, Nippon Oil Exploration (Myanmar). Other investors in Nippon Oil are the Japanese Government and Mitsubishi Corporation. […]
Malaysian operator and Thai partner pull out of Myanmar’s Yetagun field
April 25, 2022 by
Malaysia’s state-owned oil and gas company Petronas and Thailand’s national player PTTEP have both decided to withdraw from the Yetagun field located offshore Myanmar. Petronas’ subsidiaries, Petronas Carigali Myanmar Inc (PCMI) and PC Myanmar (Hong Kong) Limited (PCML), on Friday announced their withdrawal from Blocks M12, M13, and M14 located in the Yetagun field. The […]
Petronas retrenches workers in Myanmar as the national oil firm reviews its operations
October 26, 2020 by
KUALA LUMPUR (Oct 21): Petroliam Nasional Bhd (Petronas) today acknowledged that there have been job cuts at its Yetagun offshore gas field in Myanmar. The national oil firm said this is part of a review of its business portfolio and operations due to the current gruelling market conditions. The job cuts were understood to have […]
PETRONAS delivers first LNG to Myanmar
June 9, 2020 by
PETRONAS through its subsidiary, PETRONAS LNG Ltd. (PLL), recently completed its maiden delivery of LNG to Yangon, Myanmar, with two LNG cargoes delivered in May and June 2020. The delivery of these two LNG cargoes is part of a master sale and purchase agreement between PLL and CNTIC VPower that was signed in early 2020. […]
PETRONAS to begin drilling development wells in Taninthayi
April 18, 2018 by
MYEIK- Malaysian state-owned oil company PETRONAS will be beginning drilling development wells in M-12, M-13 and M-14 in the north-west sea from Myeik Township, Taninthayi Region, in October, November and December. The company yesterday held a meeting with the public in Myeik Township before carrying out the Environmental Impact Assessment (EIA) concerning the exploration activities. […]
Myanmar offshore exploration continues despite low oil prices
May 4, 2016 by
Myanmar authorities announced the latest offshore activities last week through state-run newspapers. International companies have now started surveys at almost half of all blocks awarded in the 2013 bidding round. Meanwhile, production remains steady at Myanmar’s existing offshore gas fields – Yadana, Yetagun, Shwe and Zawtika – officials said. France’s Total E&P Myanmar launched 2D […]
Can Myanmar’s Natural Gas riches reel in serious investment?
March 28, 2016 by
After five decades of oil and gas exploration stagnation and mismanagement of natural resources under military rule, Myanmar (formerly Burma) in March elected its first non-military president since the 1962 coup, and if it all plays out right, it could open the floodgates for investment in this strategically vital oil and gas venue. On 15 […]
Energy dilemma
March 15, 2016 by
Myanmar needs oil and gas revenue to spur its economy and new discoveries to feed its growing energy appetite, but low oil prices could bring cutbacks in exploration. Myanmar is bracing for a rougher ride after a few years of giddy economic expansion as foreign direct investment slows amid falling oil prices and global uncertainty. […]
Canadian Foresight Group to Explore Tanintharyi Offshore Block
April 13, 2015 by
Canadian Foresight Group Pte Ltd, through its wholly owned subsidiary CFG Energy Pte Ltd along with its partners, has signed a production sharing contract (PSC) with the Myanmar Oil and Gas Enterprise (MOGE) for a shallow offshore block M15. The firm’s partners are TRG M15 Pte Ltd, part of the Transcontinental Group based in Western […]
