Reliance Industries Ltd, won two exploration blocks in Myanmar, emerged the top bidder for the M17 and M18 shallow water blocks in the Moattama basin in water depths up to 3,000 ft. The two blocks together encompass an area of 27,600 sq km. It had bid for three blocks. The company thus hopes to leverage its organizational capabilities and expertise to create value for the E&P (exploration and production) segment. Also, an Oil India Ltd-led consortium, Mercator Petroleum Ltd and Oilmax Energy Pvt Ltd, has won two offshore oil blocks in Myanmar for exploration in Myanmar. The consortium will enter into a Production Sharing Contract for these blocks with Myanmar’s Ministry of Energy. International players Royal Dutch Shell, Chevron, Statoil and BG picked up most of the 30 blocks on offer.