Thailand's PTTEP Wins Exploration Blocks in Myanmar
|Wednesday, June 06, 2012
Thailand's PTT Exploration and Production said Wednesday that it has been awarded blocks number PSC-G and EP-2 by the government of Myanmar under the country's 2011 onshore block bidding round.
The award sees PTTEP take a 90-percent interest in the blocks.
The remaining 10-percent interest is held by Win Precious Resources.
Block PSC-G and EP-2 are both in the Central Myanmar Basin, west of the new capital Nay Pyi Taw. The PSC-G acreage encompasses 5,148 square miles in Myanmar’s Taungdwingyi while EP-2 covers a span of 519 square miles in Aunglan.
The government of Myanmar awarded block number PSC-1 to South Asia-focused Jubilant Energy at the start of last week.
Myanmar's Onshore Blocks Bidding Round for last year was closed on August 23, 2011.
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