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Oil wells in Yenangyaung, 1910. Myanmar, is a developing country and an important natural gas and petroleum producer in Asia. It is home to one of the world's oldest petroleum industries, with its first crude oil exports dating back to 1853. [1] Today, the country is one of the major natural gas producers in the Asian continent. [2]
The nationalised assets of Burmah Oil Company were amalgamated to MOGE. [3] [5] MOGE discovered the Mann oil field in 1970. Peak production in 1979 was 23,000 barrels of oil per day, about three-quarters of Myanmar's total production. [6]
Yenangyaung (Burmese: ရေနံချောင်း; literally "stream of oil") is a city in the Magway Region of central Myanmar, located on the Irrawaddy River and 363 miles from Yangon. Until 1974, it remained the capital city of both Minbu Division (now Magway Division ) and Yenangyaung District.
In 1902, the Chauk-Lonywa oil field was discovered near Chauk, which is presently a major source of income for the town. On January 2, 2014, Singapore's Interra Resources announced that its jointly controlled entity, Goldpetrol Joint Operating Company Inc., had commenced drilling development well CHK 1177 in the Chauk oil field in Myanmar.
The Yadana gas field and pipelines are operated by TotalEnergies, a French energy group, with Chevron Corporation, a United States-based company, as its junior partner along with PTT, a Thai state-owned oil and gas company, and Myanma Oil and Gas Enterprise (MOGE), a state-owned enterprise of Myanmar. [5] [7] Operator of the gas field is ...
The oil and gas sector is a large part of the economy, with Myanmar serving as a net exporter of natural gas to countries like China and Thailand. However, infrastructure like the Sino-Myanmar pipelines has also become a geopolitical focal point for the country's internal conflicts. [7] Roadside petrol station in rural Mandalay Region
The Shwe gas field is a natural gas field in the Andaman Sea, offshore from Myanmar. Discovered in 2004, it was developed by Daewoo, determining it to have initial total proven reserves of around 9.1 trillion ft 3 (260 km 3). It began production of natural gas and condensates in 2013, with a production rate of around 700 million ft 3 /day (20× ...
The oil and natural gas pipelines run in parallel and start near Kyaukphyu on Made island port on the Bay of Bengal in Myanmar (19°21'52.39"N, 93°41'3.91"E), run under the sea for 5.3 kilometres (3.3 mi) to mainland ( 19°21'26.09"N, 93°44'3.41"E) and then run through Mandalay, Pyin Oo Lwin, and Namkham in Myanmar before entering China at ...