Mercator's consortium wins order from Myanmar Govt.

Mercator Ltd. has informed BSE that the Company's subsidiary, Mercator Petroleum Ltd., in consortium with Oil India Ltd., and Oilmax Energy Pvt. Ltd., has been chosen as the selected candidate by the Ministry of Energy 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.

moneycontrol.com