Eni entered Myanmar’s market in 2014 by participating to the competitive international bid launched by Myanmar resulting in two "Production Sharing Contract (PSC)" to explore two onshore blocks, for the exploration of two onshore blocks, an area developed and undeveloped equal to 24,080 square kilometers, of which 13,558 net to Eni.
The joint venture includes Eni with 90% (through Eni-Myanmar B.V. operator), and the Myanmar Production and Exploration Company Ltd with 10%. The RSF-5 block covers 1,292 square km and is located in the Salin Bay at 500 km to the north of Yangon, while the PSC-K block covers 6.558 square km and is located in the unexplored Pegu Yoma Bay in the central part of Myanmar. The exploration phase will last 6 years and will be divided into three phases. Two more PSC were launched in 2015 (following another competitive international bid) for two offshore blocks. This joint venture includes Eni with 80% (through Eni Myanmar B.V. operator) and Petrovietnam Exploration Production Corporation Limited with 20%.
The MD-02 offshore block is located in the southern part of the Bay of Bengal in the Rakhine Basin, 135 km off the coast and to the west of Yadana gas field, which was the most important field discovered offshore. The block is 10,330 square km long with a water depth between 500 and 2,400 meters. The MD-04 block is located in the Moattama South Andaman Basin, 230 km off the coast and to the west of Yetagus gas field. This block is 5,900 square km long with a water depth between 1,500 and 2,200 meters. These two blocks will be examined for 2 years and then explored for 6 years in three different phases.
Offices & contacts
Eni Myanmar BV
339, Rm 0602,6th Flr, Bogyoke Aung San Rd.