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Mercator receives contract for 2 shallow water offshore oil blocks in Myanmar

31 Mar 2014 Evaluate

Mercator 's subsidiary - Mercator Petroleum in consortium with Oil India(OIL), and Oilmax Energy, has been chosen as the selected candidate by the Ministry of Energy (MOE) of the Republic of the Union of Myanmar, for two shallow water offshore oil blocks, in the Myanmar Offshore Block Bidding Round - 2013. The Consortium will enter into Production Sharing Contract for these blocks with Ministry of Energy of the Republic of the Union of Myanmar.

Mercator is the second-largest private sector shipping company on a consolidated basis in India, in terms of tonnage capacity. The group has a presence in varied segments namely shipping, offshore services, oil exploration and production, dredging, coal mining/trading and logistics.

Mercator Share Price

0.84 0.00 (0.00%)
10-Mar-2023 18:02 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 305.85
GE Shipping 1425.30
Dredging Corp 976.65
Seamec 1556.00
Shreeji Ship.Global 377.10
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