Project Profile
Location: Southern part of the Bay of Bengal in the Rakhine Basin, 135 kilometres from the coast, west of the Yadana field.
Area: 10,330 square kilometres
Depth: 500 to 2400 metres
MD-2 Block is located in the southern part of the Bay of Bengal, in the Rakhine Basin, approximately 135 kilometres from the coast, west of the Yadana field, the major offshore discovery in Myanmar. The Block covers an area of 10,330 square kilometres in water depths ranging from 500 to 2400 metres.
The contract for the block is set for two years, followed by an exploration period of six years, subdivided in 3 phases. The Joint Venture is between Eni, the operator with an 80% participating interest through Eni Myanmar B.V, and Petrovietnam Exploration Production Corporation Limited who has the remaining 20%.
Operators:
Eni: 80% interest
Petrovietnam Exploration Production Corporation Limited: 20% interest