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Oil and gas opportunities in Myanmar – a guide

Myanmar’s government is eager to attract international companies to help exploit its large oil and gas resources, and a number of major players have answered the call – Statoil, Shell, Total, Chevron, Petronas and Eni have all secured acreage in recent licensing rounds.

However, despite being one of the oldest oil and gas producers in the world, Myanmar is a relatively unchartered market for international trade. Sanctions have only recently been lifted after political reforms in 2011, and for companies looking to enter Myanmar’s oil industry the market can be daunting.

Clear and concise information is vital when entering a new region, and one of the best guides to the oil and gas opportunities in Myanmar is from UK Trade and Investment – entitled ‘Opportunities for British Companies in Burma’s Oil and Gas Sector’, the document is a vital resource for companies worldwide looking towards Myanmar.

It contains:                                    

- An overview of Myanmar’s oil and gas sector
- Recent onshore and offshore licence awards in Myanmar
- Legal guidance on Production Sharing Contracts
- Areas in the supply chain where investment is needed
- Information on the country’s Ministry of Energy, including an organisational chart  and where to get information on government tenders
- Major energy infrastructure projects where the Myanmar government is looking for contractors
- General advice and recommendations for investors in Myanmar

View the report here.

 

Other useful links to learn more about Myanmar and its oil and gas industry:

New Energy Architecture for Myanmar - a 56-page study of Myanmar’s energy needs and what development will be needed in future

EIA Myanmar Country Analysis – Raw data from US Energy Information Administration on Myanmar’s production, reserves and infrastructure

PWC Myanmar Business Guide - Offers more of a general view of Myanmar’s business climate, covering the economy, taxation and baking laws, employment regulations, and other areas.

- The Facebook page of Myanma Oil & Gas Enterprise (MOGE), the national oil and gas company of Myanmar. Tender information and updates on the sector are regularly published here.

- The Ministry of Energy’s Facebook page, with similar content to MOGE’s.

- A KPMG-delivered presentation on the investment framework in Myanmar.

- A cultural guide from ITE on business etiquette in Myanmar.

- A guide from the World Bank on the various stages of setting up a business in Myanmar

- A guide to help US companies do business in Myanmar

- A similar guide from an Australian perspective.

Information and updates on Myanmar’s bid to become an Extractive Industries Transparency Initiative (EITI) country.


Related Events

Event23 Apr

MIOGE 2019

23-26 April, 2019
RUSSIA

MOSCOW, RUSSIA
Venue: CROCUS EXHIBITION CENTRE

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