• Is Myanmar implementing a new petroleum exploration & drilling law?
  • In the past two years, there have been reports that the Ministry Of Electricity And Energy (MoEE) was reviewing its standard terms of production sharing contracts (PSCs) and that the Myanmar government planned to implement a new Petroleum Exploration, Drilling and Production Law, a draft bill of which was issued in 2018 and revised in 2019.
  • When was Myanma Oil Corporation reformed?
  • On 1-4-1975, Myanma Oil Corporation (MOC), Petrochemical Industry Corporation (POI) and Petroleum Products Supply Corporation (PPSC) were reformed under the supervision of the Ministry of Industry II. d. 1985 Above three corporations were united and formed as the Ministry of Energy. e. 1989
  • What is the role of planning department in Myanma Oil & Gas Enterprise?
  • Planning Department 1. Supervising the activities of foreign oil companies which are contracted by Production Sharing Contract with Myanma Oil and Gas Enterprise for the mutually beneficial cooperation. 2. Submitting the approval of foreign oil companies¡¯ business issues to get the approval from Steering Committee. 3.
  • When did Burma start producing oil?
  • The London -based Burmah Oil Company (BOC) was established in 1871 and began production in the Yenangyaung field in 1887 and the Chauk field in 1902. BOC enjoyed a monopoly in the sector until 1901, when the American Standard Oil Company launched operations in Burma. Oil supplies largely met the demand of British India.
  • Why is Burma reopening for business?
  • The scramble to open up Burma for business has played a direct role in inflaming community tensions. One of the most prominent culprits is the Shwe Gas Project led by South Korean and Indian companies, to export natural gas via pipeline from Arakan state to China’s Yunnan province.
  • Does Myanmar have a seismic study period?
  • In Myanmar, while much is known about the onshore geology, there is very little seismic data available for offshore blocks. The Study Period provides the Contractor two years to conduct technical evaluations and assessments prior to the Exploration Period.