Posted on 06/24/2013 1:33:26 AM PDT by TexGrill
With state-linked MOGE calling almost all the shots in new fields, foreign oil and gas investors in Myanmar are asking a lot of questions.
While as many as 50 oil and gas companies submitted expressions of interest on June 14 for 30 offshore blocks, industry insiders warn that poor infrastructure and the government’s new production sharing.
Eleven of the offshore blocks are shallow-water, and 19 are deepwater blocks. Government-owned Myanmar Oil & Gas Enterprise (MOGE) has agreed to allow 100% foreign ownership in deep-water blocks, an exception...
(Excerpt) Read more at bangkokpost.com ...
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