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It gives me great pleasure to introduce you to MPRL E&P Pte Ltd. ( MPRL E&P ), an independent foreign-registered oil and gas exploration & production company. Since its establishment in 1996, MPRL E&P has amassed over a decade of experience and a solid proven track record within the oil and gas industry, as a result of which it is now the leading company in the onshore oil and gas exploration & production sector in Myanmar.
Key to its remarkable success story over such a short period of time is its management and operation of Mann Field, one of the most productive onshore oil fields in Myanmar. Since acquiring 100% management responsibility and net working interest from the original contractor in 1999, the company’s management team and highly skilled workforce have consistently demonstrated their ability to achieve steady increases in oil production levels, whilst at the same time dramatically lowering operational costs, thereby resulting in significant direct growth in both revenue and net profit. Our primary aims are to increase our proven reserves to fulfill the energy needs of Myanmar, as well as the insatiable demand for energy amongst many nations throughout the region, whilst achieving strong financial returns for our investors.
Today, MPRL E&P is rapidly expanding its activities, turning its attention to offshore operations, currently as the sole operator and equity holder of a 9,830 square kilometer offshore block, Block A-6, located off the western Rakhine coastline of Myanmar. Over the past year, MPRL E&P has been actively engaging in exploration activities using state-of-the-art seismic reprocessing and interpretation techniques. Given that Offshore Block A-6 is situated in very close proximity to Blocks A-1 and A-3
( where South Korea’s Daewoo recently discovered vast deposits of gas ), and since it comprises of similar sedimentary formations, it clearly offers considerable potential for the company to tap into similar large, new sources of hydrocarbons.
With a clear vision, and long-term perspective with regard to its continuing operations within Myanmar, MPRL E&P is now seeking to establish new and fruitful investment partnerships with a similar long-term focus. The company’s reputation for excellence, along with its strategic positioning and in-depth knowledge of working within Myanmar, ensures that both the company and its investors are in the perfect position to benefit from the growth in demand for oil and gas throughout the region.
MPRL E&P looks to the future, I invite you to experience, and become involved in, its continuing successes.
U Moe Myint
Chief Executive Officer
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