Russian firms begin gas work in Myanmar

May 14, 2007 at 12:23 PM

BEIJING, May 14 (UPI) -- Two Russian firms have begun drilling a test well in an inland block in Myanmar's northwestern Sagaing division.

The Xinhua news agency reported that Silver Wave Sputnik Petroleum Pte Ltd. and the Silver Wave Energy Pte Ltd. began the gas drilling work last weekend at the Zeebyutaung test well-1 in the inland block B-2 of the Pinlebu township.

The two companies and state-run Myanmar Oil and Gas Enterprise signed a production-sharing contract in March.

Myanmar's gas reserves are limited -- 283.2 billion cu m in proven reserves as per 2005 estimates -- but it attracted the attention of several neighboring countries, including China, India and South Korea.

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