Myanmar: Myanmar Oil and Gas: Optimism amid Oversupplies and Low Prices

Jan 22, 2016 | Khine Kyaw, Eleven Myanmar
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Despite growing calls for amending their production-sharing contracts in light of plunging oil prices, oil and gas companies operating in Myanmar are still optimistic, as gas was recently discovered in Block A-6. Xavier Preel, general manager of Total E&P Myanmar - one of the three operators of the block - said yesterday that it is a very exciting time for both Myanmar's oil and gas industry and for the multinational player itself.