Page 29 - Oil&Gas-AustralAsia-2015-Issue-4
P. 29
M YANMAR
The event was officially opened
with the opening speech by
Senior Official from Ministry of
Energy on behalf of H.E Min-
ister and it was well attended
by spectrum of delegates and
senior representative from E&P
companies, local and foreign oil
and gas services companies, legal
and consulting firms. All related
enquiries and clarifications were
also well responded by relevant
officials from Ministries according
to the latest development of rules
and regulations, ranging from
labour issues to applicable taxes
for Oil and Gas Companies.§
Delegates at the Conference
Image courtesy of U Kyi Soe (MOGSS)
Tap inks M7 PSC ByMarieRYAN
Tap Oil has formalized its entry into partners have agreed to undertake inclusion of Block M-7 in Tap’s
Myanmar following the signing of an 18 month Environmental and portfolio is in line with the compa-
the production sharing contract Social Impact Assessment and Study ny’s Southeast Asian growth strate-
(PSC) for the shallow water Block Period, followed by an option to gy, anchored by the flagship Manora
M-7 in the Moattama basin. proceed to a three-year commit- Oil Development that has been in
Tap holds a 95 per cent participating ment exploration work program. production for nine months.”
interest in the M-7 Block and has Tap anticipates that it will spend ap- The 13,372 km2 M-7 Block is
assumed operatorship. proximately US$1.96 million on the located in Myanmar’s most prolific
The company and its local joint M-7 Block up to and including the offshore hydrocarbon province, the
venture participant, Smart E&P Study Period, which has a minimum Moattama basin, which has exist-
International signed the PSC with expenditure requirement of US$1.43 ing production from a number of
Myanmar Oil and Gas Enterprise at million. Tap may spend more before multi-tcf offshore fields. Block M-7
an official ceremony in Nay Pyi Taw and during the Study Period. is 160 km east of the 6.5Tcf Yadana
in late August. Tap’s Managing Director and Chief gas field, and 70km northeast of the
Under the PSC the joint venture Executive Troy Hayden, said the 1.5Tcf Zawtika gas field.§
Polarcus wins seismic work ByMarieRYAN
Polarcus Limited has received a Let- start at the end of 2015. Company continues to strength-
ter of Award (LOA) from Shell My- Polarcus Chief Operating Officer en an already strong backlog and
anmar Energy PTE for a 3D marine Duncan Eley said with this award capture significant market share in a
seismic project offshore Myanmar. from a returning customer, the challenging business environment.§
The project is currently expected to
A Awww.oilandgasaustralasia.com SEPTEMBER/OCTOBER 2015 OIL & GAS ustral SIA 27
The event was officially opened
with the opening speech by
Senior Official from Ministry of
Energy on behalf of H.E Min-
ister and it was well attended
by spectrum of delegates and
senior representative from E&P
companies, local and foreign oil
and gas services companies, legal
and consulting firms. All related
enquiries and clarifications were
also well responded by relevant
officials from Ministries according
to the latest development of rules
and regulations, ranging from
labour issues to applicable taxes
for Oil and Gas Companies.§
Delegates at the Conference
Image courtesy of U Kyi Soe (MOGSS)
Tap inks M7 PSC ByMarieRYAN
Tap Oil has formalized its entry into partners have agreed to undertake inclusion of Block M-7 in Tap’s
Myanmar following the signing of an 18 month Environmental and portfolio is in line with the compa-
the production sharing contract Social Impact Assessment and Study ny’s Southeast Asian growth strate-
(PSC) for the shallow water Block Period, followed by an option to gy, anchored by the flagship Manora
M-7 in the Moattama basin. proceed to a three-year commit- Oil Development that has been in
Tap holds a 95 per cent participating ment exploration work program. production for nine months.”
interest in the M-7 Block and has Tap anticipates that it will spend ap- The 13,372 km2 M-7 Block is
assumed operatorship. proximately US$1.96 million on the located in Myanmar’s most prolific
The company and its local joint M-7 Block up to and including the offshore hydrocarbon province, the
venture participant, Smart E&P Study Period, which has a minimum Moattama basin, which has exist-
International signed the PSC with expenditure requirement of US$1.43 ing production from a number of
Myanmar Oil and Gas Enterprise at million. Tap may spend more before multi-tcf offshore fields. Block M-7
an official ceremony in Nay Pyi Taw and during the Study Period. is 160 km east of the 6.5Tcf Yadana
in late August. Tap’s Managing Director and Chief gas field, and 70km northeast of the
Under the PSC the joint venture Executive Troy Hayden, said the 1.5Tcf Zawtika gas field.§
Polarcus wins seismic work ByMarieRYAN
Polarcus Limited has received a Let- start at the end of 2015. Company continues to strength-
ter of Award (LOA) from Shell My- Polarcus Chief Operating Officer en an already strong backlog and
anmar Energy PTE for a 3D marine Duncan Eley said with this award capture significant market share in a
seismic project offshore Myanmar. from a returning customer, the challenging business environment.§
The project is currently expected to
A Awww.oilandgasaustralasia.com SEPTEMBER/OCTOBER 2015 OIL & GAS ustral SIA 27
