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2014-03-27 08:00:00

MAJORS WIN MYANMAR

MAJORS  WIN  MYANMAR

REUTERS. International oil majors including Royal Dutch Shell, Statoil, ConocoPhillips and Total won rights to explore for oil and gas off Myanmar, according to the Southeast Asian country's Ministry of Energy.

Myanmar has awarded 10 shallow-water blocks and 10 deepwater blocks in an auction process that began in April last year, according to a posting on the ministry's website on Wednesday.

Winners of deepwater blocks will be able to explore and operate the blocks on their own, while shallow-water winners will need to work with a registered…

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Tags: SHELL, STATOIL, TOTAL, CONOCOPHILIPS, MYANMAR
Chronicle:
MAJORS  WIN  MYANMAR
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