News Release Details
Deora heads to Myanmar for co-op in hydrocarbon
Mumbai 23-Sep-2007
Petroleum minister Murli Deora will be in Myanmar for a two-day visit. The minister will meet his counterpart Brigadier General Lun Thi, Myanmar's energy minister to discuss the possibilities of enhancing bilateral co-operation in hydrocarbon sector. Deora will sign the Production Sharing Contracts (PSCs) for 3 deep water exploration blocks between OVL and Myanmar Oil and Gas Enterprise (MOGE), a Govt of Myanmar enterprise. OVL succeeded in acquiring 100% participating interests in these 3 deep water blocks AD-2, AD-3 and AD-9 in Myanmar Offshore. The aerial extent of the blocks AD-2, AD-3 and-AD-9 is 8,100sq • Ton, 9,900sq km, and 7,800 sq km respectively. Water depth in the block areas ranges from 1,500m up to 3,000m off the Rakhine coast of Myanmar. According to the ministry release, prior to these three blocks, Oil PSUs OVL and GAIL have participated in the exploration activities in A-l and A-3 blocks in Myanmar. In Block A-l OVL and GAIL have 20% and 10% participating interests respectively.
Mumbai 23-Sep-2007
Petroleum minister Murli Deora will be in Myanmar for a two-day visit. The minister will meet his counterpart Brigadier General Lun Thi, Myanmar's energy minister to discuss the possibilities of enhancing bilateral co-operation in hydrocarbon sector. Deora will sign the Production Sharing Contracts (PSCs) for 3 deep water exploration blocks between OVL and Myanmar Oil and Gas Enterprise (MOGE), a Govt of Myanmar enterprise. OVL succeeded in acquiring 100% participating interests in these 3 deep water blocks AD-2, AD-3 and AD-9 in Myanmar Offshore. The aerial extent of the blocks AD-2, AD-3 and-AD-9 is 8,100sq • Ton, 9,900sq km, and 7,800 sq km respectively. Water depth in the block areas ranges from 1,500m up to 3,000m off the Rakhine coast of Myanmar. According to the ministry release, prior to these three blocks, Oil PSUs OVL and GAIL have participated in the exploration activities in A-l and A-3 blocks in Myanmar. In Block A-l OVL and GAIL have 20% and 10% participating interests respectively.