Wednesday 25 March 2015

Myanmar: Chevron subsidiary signs Production Sharing Contract for Block A5 in the Rakhine Basin

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Chevron subsidiary, Unocal Myanmar Offshore Co, has entered into a Production Sharing Contract (PSC) with Myanma Oil & Gas Enterprise (MOGE), the national oil and gas company, to explore for oil and gas in the Rakhine Basin. The new PSC area, Block A5, lies 200 km offshore northwest of Yangon.

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