ONGC Videsh signs PSC for two blocks in Myanmar

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New Delhi: ONGC Videsh signed Production Sharing Contracts (PSCs) for two onland exploration blocks B-2 & EP-3in Myanmar on 8th August, 2014.The PSCs were signed at Nay Pyi Taw, Myanmar byDirector (Exploration), ONGC Videsh, Managing Director of Machinery & solutions Co. Ltd. (M&S), local partner, and Managing Director of Myanmar Oil & Gas Enterprises Ltd (MOGE), National Oil Company of Myanmar. The Minister of Energy, Government of Myanmar presided over the signing ceremony and other Union Ministers, Regional Ministers, representative from Indian Embassy and seniors officers from MOGE attended the function. ONGC Videsh participated in the Myanmar Onland Bidding Round 2013, launched by Myanmar Government during January 2013and was awarded two onshore blocks namely B2 and EP-3 on 10th October 2013. ONGC Videsh already had presence in Myanmar as Partner in A-1 & A-3 offshore blocks and Shwe Gas pipeline. The production of first Gas from this project started in July, 2013.
ONGC Videsh signs Production Sharing Contracts for Two Onland Exploration Blocks in Myanmar | Frontier India

 

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They will build it?