BG EXPLORES MYANMAR
REUTERS. Britain's BG Group said it would explore for oil and gas off the coast of Myanmar later this year, in line with its plan to enter a new geological basin each year.
Myanmar, a country of 60 million people, is rich in gas reserves, which government officials estimate at 11 trillion to 23 trillion cubic feet.
The country opened bidding for dozens of exploration areas last year and has awarded the rights to BG as well as other large oil companies including Statoil and ConocoPhillips.
BG has been awarded positions…
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