Project Profile
Value: Undisclosed
Location: Central Myanmar Basin, Myanmar (Burma)
Area: 5,147 square feet (13,330 square kilometres)
Reserves: unknown
Start-up Year: -
Onshore Block PSC-G covers an area of 5,147 square feet (13,330 square kilometres) in the Central Myanmar Basin. In September 2015, PTT Exploration and Production Public Company Ltd. (PTTEP) through its subsidiary PTTEP South Asia Ltd (PTTEP SA) divested 20 percent participating interests in the onshore block in Myanmar. The government in Myanmar approved the transactions to reduce its partipating interest in Block PSC-G to Japan\'s Mitsui Oil Exploration Co., Ltd. (MOECO) and Thailand\'s Palang Sophon Offshore Pte. Ltd., respectively. Partners in the new consortium are PTTEP SA (Operator), Win Precious Resources Pte Ltd. (WPR), MOECO ASIA PSCG Pte. Ltd. and Palang Sophon Offshore Pte Ltd.
Operators:
PTT Exploration and Production Public Company Ltd. (PTTEP) (through its subsidiary PTTEP South Asia Ltd (PTTEP SA)): Operator with 70% interest
Win Precious Resources Pte Ltd. (WPR): 10% interest
MOECO ASIA PSCG Pte. Ltd. (a subsidiary of Mitsui Oil Exploration Co., Ltd. (MOECO)): 10% interest
Palang Sophon Offshore Pte Ltd.: 10% interest