Thailand's PTTEP Wins Exploration Blocks in Myanmar

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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