Efforts must be made to increase yield of onshore oil and gas fields with the use of modern technology as the production of oil and gas from those fields decrease, urged Union Minister for Electricity and Energy Win Khaing.
The minister made the remark during a coordination meeting of the first quarter of the current 2019-2020 financial year held from January 23 and 24.
He stressed the need to repair and upgrade the existing oil refineries and build more petrochemical factories to produce enough fuels.
Over the past two decades, production of crude oil from local oil fields under Myanmar Oil and Gas Enterprise has decreased over 90 percent and that of gas over 99 percent, according to figures from the ministry.
In the third year of the present government's five-year term, 86 onshore and offshore fields produced 3.32 million barrels of crude oil and over 623,000 million cubic feet of natural gas.
Those figures were included in the briefing of the Ministry of Electricity and Energy on its activities in the third year on May 9 last year. The briefing was published in state-run newspapers on May 10.
In that year, 23 onshore fields under MOGE and 17 others owned by companies produced 2.31 million barrels of crude oil and 19.019 million cubic feet of gas.
Moreover, international companies dug 46 offshore fields that produced 1.02 million barrels of oil and 604,818 million cubic feet of gas.
Myanmar has 51 offshore fields and 53 onshore fields totalling 104.
