May 19, 2013

Bashneft, Nobel Oil advance to second bidding round for Myanmar onshore sections

Russia's Bashneft (RTS: BANE) and independent oil and gas holding Nobel Oil have qualified for the second bidding round in Myanmar's tender on 18 onshore hydrocarbon sections, Myanmar's Energy Ministry reported in April.

Fifty-seven other companies were cleared for the second bidding round, from Austria, Azerbaijan, Brunei, UK, Vietnam, Indonesia, India, Italy, Canada, China, Korea, Luxembourg, Malaysia, Netherlands, UAE, Pakistan, Singapore, U.S., Thailand, France, Switzerland, Sweden, and Japan, along with Myanmar's own MPRLE E&P.

Source: Highbeam Business