NOEXNippon Oil Exploration Limited
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MC will work in partnership with JX NOEX to enhance the value of the Yetagun project and, in so doing, play a role in securing a stable energy supply in Asia through the promotion of oil and gas upstream projects in Myanmar.
Shareholders:Government of Japan 50%; JX NOEX 40%; MC 10%
This financing is dedicated to support JX NOEX to secure supply of energy resources from overseas, in cooperation with JBIC and NEXI.
PTTEP entered into a partnership with TOTAL and JX NOEX for M11 block, in Myanmar, ready to drill one exploration well by the third quarter of next year.
Tevin Vongvanich, the President and CEO of PTT Exploration and Production Public Company Limited or PTTEP disclosed that PTTEP International Limited or PTTEPI, a wholly owned subsidiary of PTTEP already selected two strategic partners, Total E&P Myanmar and JX Nippon Oil & Gas Exploration (Myanmar) Limited or JX Myanmar, a wholly owned subsidiary of JX NOEX to join-hand for M11 block.