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.