Myanmar may revoke licences if explorers make no progress

Oil and gas companies exploring offshore Myanmar could have their contracts revoked if they do not progress from their initial study periods and start drilling wells.
By Staff reporter 12 October 2017 0 27945

Oil and gas companies exploring offshore Myanmar could have their contracts revoked if they do not progress from their initial study periods and start drilling wells, the Burmese Ministry of Electricity and Energy has told the Myanmar Times.

Companies such as Shell, Woodside, Eni and Statoil are currently surveying the areas they have been awarded, but they will need to start drilling wells in the coming years if they are to retain their licences.

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