On April 10, 2013, the Myanmar government launched the auction of 30 offshore oil and gas exploration blocks to international bidders. Interested companies are required to submit expressions of interest (EoIs) by June 14, 2013. The bidders will need to enter into a production sharing contract with state-owned Myanmar Oil and Gas Enterprise. Successful bidders will be granted full rights to up to three of the 19 deepwater blocks on offer.