YANGON: Myanmar has awarded contracts to international oil majors Statoil and ConocoPhillips for oil and gas exploration in a deepwater offshore block, the official Kyemon Daily said on Sunday.
The Myanmar newspaper said the two companies' regional subsidiaries - Singapore-registered Statoil Myanmar Private Ltd and ConocoPhillips Myanmar E&P Pte. Ltd. - agreed to invest $323 million in oil and gas exploration in Deepsea Block AD.10, off Myanmar's western Rakhine coast.
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