Dec 23, 2011

Thai petroleum firm wins bid for Myanmar oil fields

Thailand's PTT Exploration and Production Plc, (PTTEP) won its bids for two onshore oil blocks in Myanmar, Thai Energy Minister Pichai Naripthaphan said Wednesday.

The bid winning was declared after the energy minister met his Myanmar counterpart U Than Htay on Tuesday.

Pichai said the Myanmar energy minister informed him that PTTEP won its bid for two Myanmar onshore oil blocks.

He returned to Thailand late Tuesday after accompanying Thai Prime Minister Yingluck Shinawatra to Myanmar as she attended the Greater Mekong Subregion summit in Naypyidaw.

According to Pichai, Myanmar also indicated support of the PTTEP proposal to seek petroleum in the Andaman Sea in two offshore petroleum blocks MD7 and MD 8 - but more details must be considered and discussed.

Source: Xinhua

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