Home » Oil India signs contract for two oil blocks in Myanmar

Oil India signs contract for two oil blocks in Myanmar

Oil India signs contract for two oil blocks in Myanmar
Shares

Oil India Ltd, the second largest State explorer, has signed a contract for two offshore oil and gas blocks it had bagged in Myanmar. OIL along with its consortium partners signed a production sharing contract (PSC) with Myanmar Oil and Gas Enterprise (MOGE) for two offshore blocks M4 and YEB at Nay Pyi Taw, the company said in a statement. The OIL-led consortium won these blocks under Myanmar offshore bidding round 2013 which was launched on 11 April 2013.

A total of 30 blocks (11 shallow water and 19 deepsea) were put on offer in this bidding round.

Leave a Reply