Reliance Industries Ltd.

Reliance Industries (RIL) has reportedly signed production sharing contracts with Myanma Oil and Gas Enterprise (MOGE), an enterprise of the Government of Myanmar, for two offshore blocks (M17 and M18).

RIL has won both the offshore blocks after its bids in Myanmar Offshore Block Bidding Round-2013 were declared successful by The Ministry of Energy (MOE), Myanmar. Both the blocks are located offshore in the Tanintharyi basin of Myanmar in water depths upto 3000 ft. and together encompass total area of 27,600 square kilometres.

RIL will be the operator of the blocks with a 96% participating interest. United National Resources Development Services Co. (UNRD), a Myanmar company, will hold the remaining interest in the block.