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

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