Myanmar awards contracts for 16 onshore blocks

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MyanmarBlockMapItaly’s Eni, India’s ONGC Videsh and Malaysia’s Petronas were among the winners of contracts for 16 onshore energy blocks in Myanmar, an energy ministry official said on October 11.

Thirteen of the 16 contracts were production sharing deals and the rest were petroleum recovery contracts.

Eni, Petronas, ONGC, Pakistan’s Petroleum Exploration (PVT) and Canada’s Pacific Hunt Energy Corp each won contracts to operate two blocks, according to a list of the winners seen by Reuters.

For the first time in Myanmar, the winners would be required to perform Environment Impact Assessments before final approval from the country’s investment commission, the report said.

Production Sharing Contracts:

No  Block/Area – Company awarded

1   B-2 (Zebyutaung-Nandaw) – ONGC Videsh, India
2   K (Yamethin) – Eni, Italy
3   O (Pathein) – Petroleum Exploration, Pakistan
4   EP-1 (Kyaukkyi-Mindon) – Brunei National Petroleum
5   EP-3 (Thegon-Shwegu) – ONGC Videsh, India
6   IOR-5 (Htantabin) – Petronas, Malaysia
7   C-1 (Indaw-Yenan) – Pacific Hunt Energy, Canada
8   H (Taungoo-Pyinmana) – Pacific Hunt Energy, Canada
9   J (Mawlamyine) – Petroleum Exploration, Pakistan
10  MOGE-4 (Myintha) – CAOG S.a.r.l., Luxembourg
11  EP-4 (Mayaman) – JSOC Bashneft, Russia
12  RSF-5 (Ondwe) – Eni, Italy
13  MOGE-3 (Padaukpin-Natmi) – PTTEP South Asia Ltd. + Palang, Sophon Offshore, Thailand

Petroleum Recovery Contracts:

No  Block/Area – Company awarded

14  IOR-4 (Pyay) – MPRL E & P Pte, British Virgin Islands
15  IOR-6 (Myanaung) – MPRL E & P Pte, British Virgin Islands
16  IOR-7 (Shwepyitha) – Petronas, Malaysia

With a total of $13.6 billion from 64 projects, the oil and gas sector has attracted the largest share of total foreign investment in Myanmar.

The country exported $3.7 billion worth of gas mainly to neighbouring Thailand in the 2012-2013 (April/March) fiscal year, up from $3.5 billion in 2011-2012 and $2.4 billion in 2008-2009. Proceeds from the sale of gas are expected to climb later this fiscal year following the start of operations of a pipeline from western Rakhine state on the Bay of Bengal to China.

 

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Reading Time: 2 minutes

Italy’s Eni, India’s ONGC Videsh and Malaysia’s Petronas were among the winners of contracts for 16 onshore energy blocks in Myanmar, an energy ministry official said on October 11.

Reading Time: 2 minutes

MyanmarBlockMapItaly’s Eni, India’s ONGC Videsh and Malaysia’s Petronas were among the winners of contracts for 16 onshore energy blocks in Myanmar, an energy ministry official said on October 11.

Thirteen of the 16 contracts were production sharing deals and the rest were petroleum recovery contracts.

Eni, Petronas, ONGC, Pakistan’s Petroleum Exploration (PVT) and Canada’s Pacific Hunt Energy Corp each won contracts to operate two blocks, according to a list of the winners seen by Reuters.

For the first time in Myanmar, the winners would be required to perform Environment Impact Assessments before final approval from the country’s investment commission, the report said.

Production Sharing Contracts:

No  Block/Area – Company awarded

1   B-2 (Zebyutaung-Nandaw) – ONGC Videsh, India
2   K (Yamethin) – Eni, Italy
3   O (Pathein) – Petroleum Exploration, Pakistan
4   EP-1 (Kyaukkyi-Mindon) – Brunei National Petroleum
5   EP-3 (Thegon-Shwegu) – ONGC Videsh, India
6   IOR-5 (Htantabin) – Petronas, Malaysia
7   C-1 (Indaw-Yenan) – Pacific Hunt Energy, Canada
8   H (Taungoo-Pyinmana) – Pacific Hunt Energy, Canada
9   J (Mawlamyine) – Petroleum Exploration, Pakistan
10  MOGE-4 (Myintha) – CAOG S.a.r.l., Luxembourg
11  EP-4 (Mayaman) – JSOC Bashneft, Russia
12  RSF-5 (Ondwe) – Eni, Italy
13  MOGE-3 (Padaukpin-Natmi) – PTTEP South Asia Ltd. + Palang, Sophon Offshore, Thailand

Petroleum Recovery Contracts:

No  Block/Area – Company awarded

14  IOR-4 (Pyay) – MPRL E & P Pte, British Virgin Islands
15  IOR-6 (Myanaung) – MPRL E & P Pte, British Virgin Islands
16  IOR-7 (Shwepyitha) – Petronas, Malaysia

With a total of $13.6 billion from 64 projects, the oil and gas sector has attracted the largest share of total foreign investment in Myanmar.

The country exported $3.7 billion worth of gas mainly to neighbouring Thailand in the 2012-2013 (April/March) fiscal year, up from $3.5 billion in 2011-2012 and $2.4 billion in 2008-2009. Proceeds from the sale of gas are expected to climb later this fiscal year following the start of operations of a pipeline from western Rakhine state on the Bay of Bengal to China.

 

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