Myanmar Oil Block Announcements On The Way

[SeaVisionBurma]

After three months of waiting, the winners in the offshore oil and gas bidding competition are finally set to be announced next month, the Ministry of Energy said.

By Aung Shin, from The Myanmar Times

U Htay Aung, the ministry’s chief staff officer, told The Myanmar Times on February 19 that the choice would be announced before the fiscal year ends on March 31.

Myanmar Oil and Gas Enterprise (MOGE) invited tenders for 30 offshore blocks in April, attracting interest from a total of 75 international oil and gas firms, but after the ministry released a pre-qualified list of 61 companies in July, only 30 produced proposals.

“The evaluation of the final proposals was done last December, but the final decision will be made at the minister level, or the president,” said MOGE director U Than Min.

Top oil and gas firms in the running include global giants such as Chevron, Total and Shell.

Story continues here: http://www.mmtimes.com/index.php/business/9652-oil-block-winners-en-route-winning-bids-likely-to-consist-of-largest-oil-firms-in-the-world.html