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Myanmar Business News in Brief | Myanmar Business Today

Three Indian firms sign oil exploration deals Three Indian companies inked production sharing contracts (PSC)on offshore oil and natural gas exporation in Naypyitaw last week. Mercator Petroleum Ltd, in consortium with Oil India Limited, OilMax Energy Pvt Ltd and local firm Oil Star Management Service Co Ltd, entered into agreements with Myanma Oil & Gas Enterprise for Block M-4 (Moattama Offshore Area) and Block YEB (Tanintharyi Offshore Area). Both the blocks are in shallow waters with a vast area wherein Block M-4 covers approx 10,380 sq km and Block YEB covers 21,297 sq km. The companies will spend $120.9 million in one year observation period and six months exploration period for the two blocks.

ONGC Videsh lines up Bangladesh offshore exploration wells

ONGC Videsh lines up Bangladesh offshore exploration wells
upstreamonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from upstreamonline.com Daily Mail and Mail on Sunday newspapers.

Stay on environmental clearance accorded to Oil India

Stay on environmental clearance accorded to Oil India An OIL official said that the company stands committed to carrying out the biodiversity study before carrying out extended reach drilling operations at the seven locations Gauhati High Court has stayed the environmental clearance accorded to energy major Oil India Limited for exploration and drilling for hydrocarbons at seven locations in Dibru Saikhowa National Park spread over Dibrugarh and Tinsukia districts in Upper Assam. Acting on a public interest litigation plea filed by advocate Mrinmoy Khataniar and mountaineer Amarjyoti Deka, a bench comprising high court Chief Justice (acting) N. Kotiswar Singh and Justice Manish Choudhury on Monday stayed the environmental clearance accorded on May 11. D. Das, R.S. Chowdhury and H. Betala represented the petitioners.

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