Numerous international and national oil companies have recently begun investing and deploying modern exploration technology and approaches in the country where there remains significant possibilities of large amounts of oil or natural gas to be discovered.

Key Facts

  • Locations: Prome Embayment Area, Myanmar
  • Fiscal Regime: IPR (Improved Petroleum Recovery) Contract
  • Block Size: Approximately  116 sq-km
  • Participating Interest: MPRL E&P Pte Ltd. (80%-Operator), MPEP (20%)
  • Current Period: Initial Joint Study

Key highlights

Field Discovery Date

July 1964

Total Number of Wells

172

Peak Production

9,211

bopd in 1969

Total Investment Made Since 2014

US$1.62

million


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