Exploration by Vietnamese firm in Myanmar
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  • Two Vietnamese companies have signed a production sharing contract with Myanmar Oil and Gas Enterprise (MOGE). Under the terms of the contract, Petrovietnam Exploration Production Corporation Ltd, Vietsovpetro and Eden Group Co Ltd of Myanmar will search for oil and gas at M-2 block off the coast of Mottama, south Myanmar. The contract, inked on October 5, also marks the first Vietnamese companies to participate in oil exploration in Myanmar . Virtually all the gas so far discovered in Myanmar’s offshore waters is sold abroad, and industry observers said any gas found by PetroVietnam will likely find an eager buyer in Thailand, which depends heavily on the fuel for its electricity generation1 .

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