Thai oil company to work Burmese rigs

PTT Exploration and Production (PTTEP) will be allowed to work on offshore projects in the Tenasserim region following a meeting with the Union of Myanmar Investment Commission last week.

“PTTEP was granted permission to work on two offshore blocks, MD-7 and MD-8,” said a spokesperson after the second meeting held by the Commission this year.

In May, Thailand’s state oil company was also permitted to work an onshore oil and natural gas exploration project in Magwe Division, said an official from the Ministry of National Planning and Economic Development.

The past 12 months have seen both local and foreign companies considered for onshore oil and gas exploration projects in Burma. There are currently seven foreign companies, including PTTEP, working on the project in Tenasserim, officially known as Tanintharyi Region.

source: Mizzima
http://www.mizzima.com/business/8728-thai-oil-company-to-work-burmese-rigs.html