Myanmar May Offer up to 18 Oil, Gas Blocks in Next Tender

Myanmar will offer up to 18 onshore oil and gas blocks in a global tender to be launched later this year, Reuters reported citing a senior government official.

“For 2012, the international bidding round will be launched in the next two to three months with between 16 to 18 blocks available,” said Aung Kyaw Htoo, assistant director of the ministry of energy’s planning department, at an industry conference.

The new tender follows the country’s largest oil and gas offering in August, in which half of the 18 onshore blocks were awarded to foreign companies.

Reuters said that the government has signed agreements with all but one of the seven foreign firms involved.