Article: PTTEP to explore petroleum blocks off Burma.

Aug. 4--PTT Exploration and Production Plc (PTTEP) will spend US$23 million over the next six years to explore petroleum reserve in Burma's Gulf of Martaban according to president Maroot Mrigadat.

PTTEP will sign a production sharing agreement with the Rangoon government on Saturday to invest in offshore petroleum exploration blocks M-3 and M-4 as the operator with a 100 percent interest.

The two petroleum blocks, located in the Gulf of Martaban, covering an area of about 18,000 square kilometres.

In the first four years to 2008), Mr Maroot said, PTTEP expected to spend around $13 million for geological and geophysical studies, seismic surveys ...

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