Jimmie Aung Khin Afka Co. Pte. Ltd. Singapore
Daniel Johnston Daniel Johnston & Co. Inc. Dallas
Following licensing efforts in 1989-90, Myanmar has been gearing up with activity both onshore and offshore.
The industry gave a strong response to the first round of exploration licensing. Fig. 1 shows the location of the various license areas (Table 4 summarizes license statuses).
Signature bonuses paid for the first nine onshore blocks came to $46 million, and the combined minimum work commitment for the 3 year exploration period was $363 million.
The license awards in the first round carried fairly agg...