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Myanmar to Award Nine Oil And Gas Blocks to Seven Foreign Firms

  • Myanmar is in the process of awarding nine onshore oil and gas blocks to seven foreign oil companies and their domestic partners, and will launch another tender soon, its energy minister said on Wednesday."At the end of the first international bidding round, we will be launching another international bidding round for onshore blocks in due course. At this moment, we have not decided which onshore blocks to include," Than Htay said at an energy conference in the commercial capital, Yangon.Foreign oil companies awarded an oil and gas block will need to have at least one domestic energy firm as a partner."The aim of this exercise is to share technology know-how, experience in oil and gas exploration and production, and financial benefits for Myanmar companies," he said.

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