NAYPYITAW, Myanmar, Aug. 8 (UPI) -- Thai energy company PTTEP said Friday it signed a production sharing contract for onshore exploration in Myanmar in the nation's capital, Naypyitaw.
Thailand's PTT Exploration and Production signed a contract with Myanmar Oil and Gas Enterprise for onshore exploration and production rights of MOGE 3 block. The company said it aims to drill as many as four wells during the first three years under a deal valued at an initial $72 million.