Burma aka Myanmar
Monday, December 10, 2012
Australian Oil and Gas Giant Woodside Petroleum have negotiated a huge O&G contract in the Rakhine Basin in Burma to farm in and/or operate the vast Block A-6 oil complex basin
The terms of the agreement are – quote –
• The offer is for a 50% interest in the block and is subject to certain conditions including execution of fully-termed agreements, completion of due diligence, and necessary government and other approvals.
• The proposal provides the opportunity for Woodside and MRPL E&P to undertake a 3D seismic survey program in the block and also provides an option for future drilling.
• MPRL E&P will remain operator of Block A-6 for the current term of the exploration period.
• The proposed agreement also provides Woodside and MPRL E&P with the opportunity to participate jointly in future deepwater bid rounds. – Attribution to Woodside.Com.Au
Australian Oil and Gas Giant Woodside to farm Block A-6 Burma…
Republic of the Union of Myanmar
Oil and Gas Giant Woodside – Australian A$27 billion investment and development company in global Oil – Gas and Petroleum industries…
MPRL E&P Pte Ltd – Partnership in O&G in Myanmar between MOGE and joint venture partner Baker Hughes…
Myanma Oil and Gas Enterprise – Better known in Myanmar as MOGE a 100% State Owned Enterprise in the vast Burma oil and gas industry…