Shell, Mitsui win three offshore Myanmar deepwater blocks

Mitsui Oil Exploration Co. Ltd. has succeeded in a joint bid in the Myanmar Offshore Bidding Round 2013 for three deepwater blocks located offshore Myanmar.

Feb 11th, 2015
Offshore Myanmar
Offshore Myanmar

Offshore staff

TOKYO –Mitsui Oil Exploration Co. Ltd. has succeeded in a joint bid in the Myanmar Offshore Bidding Round 2013 for three deepwater blocks located offshore Myanmar, namely blocks AD-9, AD-11, and MD-5.

MOECO will assume a 10% participating interest in each block and subsidiaries of MOECO and Shell have signed production-sharing contracts with the Myanmar Oil and Gas Enterprise to formalize these bid wins.

Block participation in block AD-9 is Shell Myanmar Energy Pte. Ltd. as operator with 90%, MOECO Oil & Gas Asia Pte Ltd. holds 10%. The same division holds for the other two blocks as well.

02/11/2015

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