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ONGC Videsh inks Myanmar offshore PSCs

11th August 2014

ONGC Videsh has signed production sharing contracts (PSCs) for two onshore exploration blocks, B-2 and EP-3, in Myanmar on 8 August, 2014

ONGC Videsh inks Myanmar offshore PSCs
ONGC Videsh already has a presence in Myanmar as partner in A-1 & A-3 offshore blocks and Shwe Gas pipeline -the production of first gas from this project started in July, 2013.

The PSCs were signed at Nay Pyi Taw, Myanmar by representatives of ONGC Videsh, its local contract partner and Myanmar state oil company MOGE (Myanmar Oil and Gas Enterprise).

The Myanmar minister of energy presided over the ceremony.

ONGC Videsh participated in the Myanmar Onshore Bidding Round 2013, launched by Myanmar government during January 2013 and was awarded two onshore blocks, namely B2 and EP-3, on 10 October 2013.

ONGC Videsh already has a presence in Myanmar as partner in A-1 & A-3 offshore blocks and Shwe Gas pipeline -the production of first gas from this project started in July, 2013.

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