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Reliance Signs production sharing contracts for two (2) offshore blocks in myanmar

Reliance Signs production sharing contracts for two (2) offshore blocks in myanmar

Mumbai / Nay Pyi Taw (Myanmar), March 31, 2015:Reliance Industries Ltd (RIL) and Myanma Oil & Gas Enterprise(MOGE), an enterprise of the Government of Myanmar, have signed production sharing contracts for two offshore blocks (M17 and M18) RIL won both the offshore blocks after its bids in Myanmar Offshore Block Bidding Round 2013 were declared successful by The Ministry of Energy (MOE) of the Republic of the Union of Myanmar.

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RIL gets two blocks in Myanmar

RIL gets two blocks in Myanmar

The Ministry of Energy (MOE) of the Republic of the Myanmar selected Reliance Industries (RIL) for two offshore blocks (M17 and M18) in Myanmar Offshore Block Bidding Round 2013. Both the blocks are located offshore in the Moattama basin of Myanmar in water depths up to 3,000 ft and together encompass an area of 27,600 sq km.