Statoil wins deepwater oil license off Myanmar

Norwegian oil firm Statoil has a won a license to explore for oil and gas in a deepwater block offshore Myanmar statoil_550x300together with U.S. major ConocoPhillips, the Asian country’s energy ministry said on 26 March.

Together with partner ConocoPhillips, Statoil has been awarded a deep-water exploration block in the Myanmar waters of Bay of Bengal.

Source: Offshore Energy Today

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