Mitsui to get interest offshore Myanmar from PTTEPI

Offshore staff

BANGKOK, Thailand – PTTEP International Ltd has agreed to divest 20% operating interest in block M-3 offshore Myanmar to Mitsui Oil Exploration Co. Ltd.

M-3 covers 6,206 sq km (2,396 sq mi) in the Gulf of Martaban. PTTEPI is the operator and had held 100% of the interests. The transaction is subject to official approval by the Republic of the Union of Myanmar.

Natural gas was discovered on the acreage by the Aung Sinkha-2 exploration well.

3/19/2013

Related Articles

Woodside lines up deepwater well offshore South Korea

Jan 15, 2015

Woodside Petroleum says it plans to drill an exploratory well this fall on the deepwater Ulleung basin block 8/6-1N offshore eastern South Korea.

HP/HT technology continues to advance

Jan 15, 2015 Faced with increasing drilling and production prospects in that part of the world called the "Ring of Fire," operators and their service suppliers are turning up the heat to design, build...

Salamander reports record output from Bualuang oil field offshore Thailand

Jan 14, 2015

Oil production from the Salamander Energy-operated Bualuang field in the Gulf of Thailand averaged 15,000 b/d during the second half of 2014.

JGC orders boiler system for Petronas FLNG

Jan 13, 2015

JGC Corp. has ordered from SAACKE Marine Systems a complete high-temperature water boiler system for Petronas’ second FLNG vessel.

Atwood contracts Mako

Jan 13, 2015

Atwood Oceanics Inc. (NYSE: ATW) has agreed to provide drilling services with the jackup rig Atwood Mako

Trending News

KrisEnergy gears up to spud Rayrai exploratory well in Gulf of Thailand

Apr 24, 2015

KrisEnergy has announced that the Key Gibraltar jackup has commenced drilling of the Rayrai-1 exploratory well in block G10/48 in the Gulf of Thailand.

CNOOC provides update on offshore assets

Apr 24, 2015

CNOOC Ltd. has announced that total net production in 1Q 2015 increased 9.4% year-over-year to 118.3 MMboe.

Cameron unveils Letourneau Jaguar class self-elevating drilling unit

Apr 24, 2015

Cameron has introduced a new drilling unit to the market, the Letourneau Jaguar class self-elevating mobile offshore drilling unit.

Test lab to simulate deepwater reeled installation techniques

Apr 24, 2015

Element Materials Technology is preparing a joint industry project to test subsea pipeline installation techniques.

Caley, Hampidjan form fiber rope venture

Apr 24, 2015

Offshore handling system specialist Caley Ocean Systems has teamed up with Icelandic rope manufacturer Hampidjan to offer “steel-like” fiber ropes to the offshore sector. 

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

Search More Job Listings >>