Sign up | Log in



Home  >>   Daily News  >>   Myanmar News  >> Energy  >> 10 foreign companies win tender for oil, gas exploration in Myanmar
NEWS UPDATES Asean Affairs   14 October 2013  

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).

A total of 78 foreign companies bid with the ministry for operating the onshore blocks in January this year.

Meanwhile, Myanmar's domestic private companies are seeking joint operation with foreign counterparts in oil and gas exploration and production on mutually beneficial basis.

According to official figures, there are 53 onshore and 48 offshore blocks under operation with  foreign investment.

At present, there are mainly three offshore natural gas projects in Myanmar -- Yadana, Yetagun and Shwe, of which Yadana is the largest  yielding gas of 834 million cubic feet (23.6 million cubic meters) per day.

Foreign investment in Myanmar's oil and gas sector had reached 14.372 billion U.S. dollars in 115 projects as of the end of July 2013, accounting for 33.46 percent and ranking the second in the country's foreign investment sectorally after electric power.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories   11 October 2013 Subsribe Now !
• Thai bourse market report for September Subcribe: Asean Affairs Global Magazine
• New Zealand reaffirms support to Myanmar's Asean Affairs Premium
• Bright forecast for trade links between
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Electricity supply declines to 7 percent in 2013
• Phillip Morris Indonesia,Sampoerna invest
• Vietnam needs to tackle bad debt
• Local visits to Preah Vihear site decrease Advertise Your Brand
Asean Analysis          12 October  2013 Asean Stock Watch     11 October  2013
• Asean Analysis- October 12 2013
Telling Asia’s story - Swarup Roy
• Asean Stock Watch-October 11
• Asean Analysis- October 11, 2013
New Report: Internet Freedom Deteriorates Worldwide, but Activists Push Back t
• The Biweekly Update 4 October 13

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand