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Myanmar Onshore Oil Industry | Myanmar Oil & Gas Industry | Investment in Myanamr

Investment in Myanmar Onshore Oil and Gas Blocks

Historic Development

  • 18 Century, several hundred shallow hand-dug wells, each yielding an average of 10 to 50 Gallons a day in Yenangyaung Oil Field

  • 1886, the establishment of a modern petroleum industry by London based Burmah Oil Company (BOC)

  • 1905 to 1942, major crude supplier of India’s oil requirement

  • 1939, Pre-Second World War, annual oil production peaked at 6.5 million barrels

  • 1960-1965, 4.6 million barrel per year

  • 1975, 7.09 million barrel per year and decline to 5.4 million barrel per year at year 1988.

  • 1989-2000, launched onshore and offshore blocks and 23foreign companies entered in 29 onshore blocks

  • 2000-2010, 15 foreign companies in 10 onshore blocks

  • 2011, international bidding round, 9 blocks being awarded to 7 foreign companies

  • 2013 onshore bid-round is ongoing

Myanmar Offshore Oil Industry

MiTA Myanmar Investment Conferences & Exhibitions

Corporate Social Responsibilities

MiTA Services is committed to Green Environment, Sustainable Development and Value Creation for the Ecological Society where man coexists with nature. MiTA Services commits to use minimal papers in office work to save the trees and encourages everybody using electronic media as much as feasible. MiTA's research, engineering design and management practice will follow green business philosophy.