Project Profile
Location: Pegu Yoma-Sittaung Basin, central part of Myanmar
Area: 6.558 sq km
Licence award: 2013
Eni, following its participation in the competitive International Bid Round launched by the Republic of the Union of Myanmar, signed in Nay Pyi Taw, a Production Sharing Contract (PSC) for PSC-K onshore block. The Joint Venture is between Eni, the Operator with a 90% participating interest through Eni Myanmar B.V, and the Myanmar Production and Exploration Company Ltd (10%).
The exploration period will last 6 years, subdivided in 3 phases.
Operators:
Eni Myanmar B.V.: Operator with 90% interest
Myanmar Production and Exploration Company Ltd: 10% interest