RIL to develop offshore blocks in Myanmar.

Myanmar's Ministry of Energy has selected Reliance Industries Ltd. for developing two offshore blocks (M17 and M18) in Myanmar Offshore Block Bidding Round 2013, the company said in a media statement.

Both the blocks are located offshore in the Moattama basin of Myanmar in water depths up to 3,000 ft and together encompass an area of 27,600 square kilometres.

In all, 36 companies submitted 64 proposals for the 30 offshore blocks and RIL had submitted proposals for three offshore blocks.

HBL