Chinese Petroleum Corporation (CNPC) signed with Sinopec International Petroleum Exploration and Development Corporation (SIPC) on the 24th Myanmar onshore D mine. By cooperation with Sinopec, CNPC obtained the Myanmar Oil Production "ticket" to jointly develop Myanmar's "D Block."
The Transfer of Contract, Which divides a co-equity ratio SIPC 70%, Sinopec gained 30% interest from CNPC. CNPC said that Myanmar is the world's 10th largest natural gas storage, investment in mining and reserves of 900 trillion cubic feet. About 254.9 billion cubic meters of natural gas fields or more. At least four of the joint projects are located in the "Myanmar onshore D Block."