Myanmar exploration hitting stride on 1989-90 licensing round blocks

Journal Article · Mon Dec 07 04:00:00 EST 1992 · Oil and Gas Journal; (United States)

OSTI ID:6964751

Khin, J A ^[1]; Johnston, D ^[2]

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1. Afka Co., Pte, Ltd. (Singapore)
2. Daniel Johnston and Co. Inc., Dallas, TX (United States)

This paper reports that following licensing efforts in 1989-90, Myanmar has been gearing up with activity both onshore and offshore. The industry gave a strong response to the first round of exploration licensing. The license awards in the first round carried fairly aggressive work commitments in terms of both dollars and timing. Work commitments on each of the first nine blocks ranged from $12 million to $70 million for each block. Most companies committed to spudding their first wells within the first 12-14 months. The drilling results are starting to come in. Although no significant oil discovery has been made yet, the country expects to speed up its exploration activities in the next few years. Following the first round of licensing onshore, Myanmar Oil and Gas Enterprise (MOGE), the national oil company, is negotiating terms for offshore blocks as well as additional onshore blocks for improved oil recovery (IOR) and rehabilitation/redevelopment rights for existing fields.

• OSTI ID: 6964751
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:49; ISSN OIGJAV; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020300 -- Petroleum-- Drilling & Production
020700 -- Petroleum-- Economics
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021000* -- Petroleum-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
DRILLING
ECONOMIC ANALYSIS
ECONOMICS
EXPLORATION
LICENSING
OFFSHORE OPERATIONS
OIL WELLS
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WELL DRILLING
WELLS