We began working in the country after winning the international competitive bidding opened by the Burmese government and signing two production sharing contracts (PSCs) for exploring the onshore blocks RSF-5 and PSC-K. The joint venture is made up of us, in the guise of our operators Eni Myanmar B.V., with 90%, and Myanmar Production and Exploration Company Ltd (with 10%). The first block has an extension of 1,292 square kilometres and is located in the prolific Salin Basin, about 500 kilometres north of Yangon, where an exploratory well was drilled in the first half of 2020, the results of which are currently being studied. The exploration period is split into three phases, the first of which will end in 2021. The second block has an area of 6,558 square kilometres and is located in the unexplored Pegu Yoma-Sittaung basin, in the central area of the country. The exploration period expired in January 2021 and the block was released.
Another two PSCs were added in 2015 (also after international competitive bidding), in the offshore blocks MD-02 and MD-04. The joint venture, following the exit of Petrovietnam in 2018 and the subsequent entry of Total, was made up of Eni, operator with 50% through Eni Myanmar B.V., and Total E&P Myanmar (with 50%). Block MD-02 was released in 2020 on expiry of the study period. Total submitted notice of withdrawal from the MD-4 Block on November 2020; MOGE approval for the transfer of Total’s participation interest to Eni is pending.