Dozens of firms seek oil, gas plots

The selected applicants are 58 companies from USA, UK, Canada, Australia, Austria, France, Italy, Netherland, India, Sweden, Switzerland, Russia, Luxembourg, Azerbaijan, Japan, South Korea, UAE, Brunei, Singapore, Indonesia, Thailand, China, Pakistan, Malaysia and Vietnam. Only Myanmar MPRL E & P, owned by Michael Moe Myint, has been chosen as a local based company.

The ministry called the tender on January 17 this year for 18 inland oil and natural gas plots and chose the companies on March 16.

The 18 inland oil and natural gas plots called for tender are located in Nantaw, Zabu Taung, Inntaw, Taungngoo, Pyin Ma Nar, Mawlamyaing, Yamaething, Kyauk Phyu, Pathein, Kyauk Kyi, Min Tone, Thae Kone, Shwe Gu, Ohn Twe, Tatma, Pyay, Htantapin, Myan Aung, Shwe Pyi Tar, Pitaungpin, Natmi and Myin Tar.

The ministry will consider the companies mainly based upon technology, financial status and experiences.

The tender is the second step in the process and the ministry has already allowed eight firms to cooperate with local companies in 10 inland oil and natural gas plots.

The ministry has allowed over 100 local companies to register for inland oil and natural gas plots. 

Overseas companies who want to work at inland oil and natural gas plots can cooperate with local companies.

Some of famous inland oil and natural gas plots in Myanmar are Mann oil field, Chauk oil field, Yaynanchaung oil field, Shwe Bo-Mone Ywar region, Mahu Mountain region, Sittwe region, Hu Kaung valley and Maepale region. Myanmar has over 50 inland oil and natural gas plots in entire country.