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More natural gas discovered in western Myanmar

Xinhua, February 12, 2016 Adjust font size:

More natural gas was discovered at the deep-sea offshore block AD-7 at Thalin (1)exploration well in Myanmar's western Rakhine Basin offshore, sources with Myanmar Oil and Gas Enterprise under the Ministry of Energy said Friday.

The gas was jointly explored by Daewoo International Corporation and Woodside Energy (Myanmar)Co., Ltd in a joint venture business.

Further exploration and drilling will be conducted to identify whether the gas reserves will be commercially exploitable.

Myanmar's deep-sea offshore blocks have the potential to produce more natural gas following the discoveries at Thalin (1) well of AD-7 block and Shwe Yi Tun (1) well of A-6 offshore block.

Meanwhile, foreign investment in Myanmar's oil and gas sector amounted to 19.641 billion U.S. dollars as of the end of December 2015, accounting for 33.2 percent of the total and ranking the first largest sectorally in the country's foreign investment line-up, statistics show. Endit