(a) whether the Government of India have signed an agreement with Myanmar in regard to
exploration and production of oil from oil blocks;
(b) if so, the details of the said agreement; and
(c) the details of the benefits likely to accrue to the country from the said agreement?
MINISTER OF THE STATE IN THE MINISTRY OF PETROLEUM & NATURAL GAS (SHRI DINSHA PATEL)
(a) & (b) ONGC Videsh Limited (OVL), the wholly owned subsidiary of Oil & Natural Gas
Corporation Limited (ONGC) has recently signed Production Sharing Contracts (PSCs) for
three deep water exploration blocks AD-2, AD-3 and AD-9 with 100% Participating Interest
(PI) in Myanmar. The PSCs were executed with Myanmar Oil and Gas Enterprise (MOGE), Myanmar
on 23rd September, 2007.
Further, OVL & GAIL (India) Limited hold 20% & 10% stake respectively each in Block A-1
and Block A-3 in offshore Myanmar.
(c) The likely benefit from the PSCs for the three deep water exploration blocks AD-2, AD-3
and AD-9 would be known only after completion of exploration programme.
Further, in Block A-1 and Block A-3 in Myanmar, the consortium has made discovery of Gas.