71 Onshore, Offshore Oil & Gas Blocks Opened to Domestic Investors

Union Minister for Electricity and Energy U Ko Ko Lwin invited domestic business leaders to boost investment in the 71 onshore and offshore oil and gas blocks.
He called for investors during the meeting held on 6 November in Nay Pyi Taw, encouraging domestic entrepreneurs to invest more in the electricity and energy sectors.
“These are great opportunities. We are discussing today to move forward to actual implementation,” the Union minister said.
The blocks currently available for investment and implementation are 29 open blocks and 10 termination blocks onshore, 39 in total; and 27 open blocks and five termination blocks offshore, 32 in total.
Moreover, 12 offshore blocks and 21 onshore blocks are currently producing oil and gas.
Upcoming offshore natural gas areas are Aung Theinkha, Min Ye Thu, Pyithaya and Block M-15. The Aung Theinkha project is working to begin natural gas production by late 2028; the Min Ye Thu project is preparing to drill two exploration wells plus one by late 2027; the Pyithaya project is working to start first gas production by late 2029; and Block M-15 will be confirmed only after drilling two exploration wells plus one this year, based on 3D seismic results measured in 2016.
According to the ministry’s announcement, the four blocks: Aung Thitsa, Min Ye Thu, Pyithaya and M-15 are estimated to hold combined gas reserves of up to 109.729 trillion cubic feet. — TWA/KK