Twenty-one companies have dropped out of the final cycle of bidding in the Myanmar offshore license round. The licensing round offers 30 offshore areas, including 19 deepwater blocks. These blocks are predominantly in the Rakhine Offshore Area (12 blocks), followed by Tanintharyi (4 blocks), and Moattam (3 blocks). Myanmar reported that 79 companies participated in the first stage, declaring their interest by 14 June. Only 40 companies submitted bids for the oil and gas blocks by the deadline.
Subscribe
