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Interra renews oil production contracts in Myanmar

It will start new drilling work in existing oilfields now that it has secured the extension

Published Thu, Aug 10, 2017 · 09:50 PM

Singapore

OIL exploration and production firm Interra Resources has renewed its oil production contracts in Myanmar, in what is expected to be a major boost for the firm's future production.

With greater certainty, the firm can now put in new capital expenditure to bolster oil production in these fields, said its chief executive Marcel Tjia.

Interra holds 60 per cent of Goldpetrol Joint Operating Com…