Myanmar has offered 18 onshore oil and gas exploration blocks to international energy companies, but most are more thinking about the country’s offshore advancements, Dow Jones reported. These offshore blocks are expected to be more lucrative, the source stated, and western oil makers will continue to wait before Myanmar authorities offer just offshore leases to bid for exploration rights in the united states.
Richard Nelson, a Singapore-based partner of a law firm who advises large international essential oil companies on Myanmar, according to the article. The Agence France Presse said the onshore leases that are available in Myanmar to stand for a third of most blocks available in the country. A company will be able to bid for to three blocks at the same time up. The foundation reported Myanmar is probably the top five potential oil and gas exploration and production sites in the world. More information on oil and gas exploration in Myanmar is available at PennEnergy’s research area.
In Myanmar Offshore Sites, there were already eight Myanmar Companies being selected to do Oil and Natural Gas Exploration and Exploitation said the news headlines. Selected International Co. List which Ten Offshore Shallow water Sites and ten Offshore Deep Sea Sites were released by the Ministry of Energy last week, Myanmar Companies that may participate in co-work was not notified yet. For 20-Offshore Worksites, there were Operator-allocated International Companies 13 quantities; 10 in Shallow water Work Sites and 8 in a few Deep Sea Work Sites were allowed to …