Kuala Lumpur: The Myanmar Investment Commission has given permission to Unocal Myanmar Offshore (Bermuda), Stat Oil Myanmar (Singapore) and Conoco Phillips Myanmar E&P (Singapore) to operate oil and natural gas projects at offshore work sites in Rakhine State.
Unocal Myanmar Offshore will partner with Royal Marine Engineering (Myanmar) to explore oil and natural gas at work site A-5.
On the same day, the commission gave permission to Stat Oil Myanmar and Conoco Phillips Myanmar E&P to operate oil and natural gas exploration projects at work site A-10.
Eight local companies have also been selected to partner with the foreign companies to conduct offshore exploration in Myanmar, made up of A1 Mining, United National Resources Development Services, Myanmar Petroleum E&P, Smart E&P, Parami Energy Development, Oil Star Management Services, Royal Marine Engineering, and Lin Win Co.
According to Myanmar’s Ministry of Energy, there are over 160 local companies registered for cooperation with foreign investors in the oil and gas sector. [06/02/15]
