Myanmar claims existence of new potential oil field

13:20, July 20, 2010      

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Myanmar has claimed there is existence of potential for a new oil field in the south of Maubin, the country's southwestern Ayeyawaddy division, according to Tuesday's official daily New Light of Myanmar.

Test oil wells are being drilled in the region for exploration of the energy resources, the report said.

Myanmar Energy Minister U Lun Thi inspected the deep test well- 1 in the weekend, instructing for completion of the drilling of the test wells on schedule, the report added.

There were 19 onshore oil and gas fields before 1988, but the number had reached 31 after 1988. Many more new onshore and offshore oil and gas fields were found one after another over the past more than 20 years.

According to the geological condition, Myanmar has 14 geological valleys in the onshore regions, among which the state- run Myanmar Oil and Gas Enterprise has conducted surveys in the central region, Pay and Delta regions.

It was reported that there remains many more promising regions for exploitation of oil and gas in the country.



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