PTTEP SA, a subsidiary of the Thai energy company PTTEP, has signed a Production Sharing Contract (PSC) with the Myanmar Oil and Gas Enterprise (MOGE) for the exploration and production of an onshore block in central Myanmar. PTTEP was granted the block as part of the 2013 Myanmar Onshore Blocks Second Bidding Round, and the company has said that it will invest a minimum of US$ 72 million in the project.