BG Wins New Exploration Acreage Off Myanmar

LNG player BG Group said it has been awarded new exploration acreage offshore Myanmar.

BG will operate two blocks, A4 and AD2 (45% and 55% equity respectively). The company also secured non-operated acreage in blocks A7 and AD5 (45% equity in each). These are located in the Rakhine Basin, in the western offshore area of Myanmar and were awarded as part of the government’s 2013 Offshore Bid Round.

BG Group and its bidding partners have committed to a 3D seismic acquisition programme in each block, which BG expects to begin in 2014/15 with options for future drilling.

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Press Release, March 26, 2014; Image: BG