10 Foreign Companies Win Tender for Oil, Gas Exploration in Myanmar

Ten foreign companies have won tender for oil and gas exploration at 16 onshore blocks
in Myanmar out of 18 set for the bidding, a release of the Ministry of Energy said Friday.

The tender winners are those from Britain, Brunei, Canada, India, Italy, Luxembourg, Malaysia, Pakistan, Russia and Thailand. Of the 16 onshore blocks, 13 are set for exploration by winning companies from nine countries under Production Sharing Contract (PSC), while the remaining three blocks are operated by two other countries under Improved Petroleum Recovery Contract (IPR). more…