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GAIL acquires stake in A7 Myanmar block
New Delhi December 08, 2006
GAIL (India) Limited has acquired stake in Block A-7 in
Myanmar. GAIL as consortium partner along with Silver Wave
Energy has signed the Production Sharing Contract with Myanmar
Oil and Gas Enterprise on 6th December, 2006 for Block A-7
located in Rakhine offshore Area, Myanmar. GAIL shall hold 30
percent participating interest whereas rest 70 percent shall
be with Silver Wave Energy.
GAIL now holds a participating interest in 17 exploration
blocks, along with national and international consortium
partners. Of these, 7 are on-land blocks and 10 are offshore
blocks. In India there are 13 blocks which are in Basins such
as Mahanadi, Bengal, Gujarat –Saurashtra, Mumbai, Cambay,
Assam-Akaran and Cauvery. Furthermore, GAIL has also got stake
in the A-1 and A-3 blocks in Myanmar and Block no. 56 in Oman.
GAIL consortium has also won three blocks in the latest
round of bidding for CBM blocks in the country.
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