Myanmar’s maiden offshore licensing round

Myanmar is understood to have received bids from some 30 companies, including international oil majors and state-owned oil and gas companies, under its first offshore licensing round. A total of 30 blocks – 11 in shallow water and 19 deepwater – had been put out to tender. Bidders included BG Group, Chevron, ExxonMobil, Mitsui Oil Exploration, Shell, Statoil and Woodside, as well as PTT Exploration and Production, Petronas, OIL and Reliance Industries.

 

The 11 shallow-water blocks offered included three located in the Rakhine offshore area, three in the Moattama offshore area and five in the Tanintharyi offshore area. Of the 19 deepwater blocks put out to tender, 12 were located in the Rakhine area, three in Moattama and five in Tanintharyi.