BURMA AUCTIONING 30 OFFSHORE OIL AND GAS BLOCKS

RANGOON - The Myanmar Ministry of Energy is auctioning 30 oil and gas blocks in the Myanmar offshore areas. The auction invites bids for 11 shallow water blocks and 19 deep water blocks, to be conducted on a production-sharing basis with the Myanmar Oil and Gas Enterprise (MOGE). In a Client Note, lawyers Baker & McKenzie say the auction follows an announcement that 59 bidders had been shortlisted for the second round of the Myanmar onshore oil and gas block auctions which commenced in January 2013.