Jubilant Energy to Invest $80 million in Myanmar Oil, Gas Block
Myanmar recently awarded 10 onshore oil and gas blocks.
“We had bid for two blocks. They have offered us one, but we are keen for both. We are still negotiating,” Chief Financial Officer Vipul Agarwal told Reuters.
The production sharing contract for the block will likely be signed in two to three weeks, he said.
- Bangladesh: Looks to joint oil-gas exploration with Myanmar (Burma) (mb50.wordpress.com)
- Burma’s oil and natural gas sectors eyed by Malaysia (mb50.wordpress.com)
- ASEAN gambles on Myanmar’s regional leadership (mb50.wordpress.com)
Posted on January 11, 2012, in Myanmar (Burma) and tagged ASEAN, Burma, Natural Gas, News By Country, Oil and Gas, United States. Bookmark the permalink. Comments Off on Jubilant Energy to Invest $80 million in Myanmar Oil, Gas Block.