"This award is in line with BG Group's strategy to focus on securing prospective frontier acreage and enter, on average, one new basin each year," the company said in a statement on Wednesday.
Natural gas is the world's fastest-growing fossil fuel, with annual consumption expected to increase to 185 trillion cubic feet by 2040, from 113 trillion cubic feet in 2010, according to the US Energy Information Administration. In Asia, gas consumption is expected to climb by an average of 1.3pc a year through to 2040.
BG, which is extending its global exploration and production drive into areas such as Tanzania and Brazil, will operate two blocks in Myanmar. The company said that it has also secured non-operated acreage, located in the Rakhine Basin in the western offshore area of Myanmar. The blocks were awarded as part of the government's 2013 Offshore Bid Round.
The company and its bidding partners will carry out a 3D seismic programme in each search for exploitable quantities of gas in each block. Work is expected to begin this year with options for future drilling.
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