Myanmar Oil and Gas Report - Business Monitor International - Industry Reports

Myanmar Oil and Gas Report

Myanmar Oil and Gas Report - Business Monitor International - Industry Reports
Myanmar Oil and Gas Report
Published Aug 30, 2016
73 pages — Published Aug 30, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

BMI View: The Myanmar upstream segment remains a potential high-risk, high-reward play, with a host of IOCs engaged in various exploration and production plays in the country s oil and gas blocks. The country s attractive economic growth outlook and fuels demand growth forecasts have already attracted significant interest from international firms - such as Indian Oil and Pertamina, which have announced intention to establish a foothold in the country s downstream sector. ...BMI View: The Myanmar upstream segment remains a potential high-risk, high-reward play, with a host of IOCs engaged in various exploration and production plays in the country s oil and gas blocks. The country s attractive economic growth outlook and fuels demand growth forecasts have already attracted significant interest from international firms - such as Indian Oil and Pertamina, which have announced intention to establish a foothold in the country s downstream sector. Rising demand and export obligations will pressure domestic gas supplies, rendering the country to turn to LNG imports in the latter half of the decade. ...Rising demand and export obligations will pressure domestic gas supplies, rendering the country to turn to LNG imports in the latter half of the decade. Table: Headline Forecasts (Myanmar ---------) ----e ----e ----f ----f ----f ----f ----f Crude, NGPL & other liquids prod, ---b/d --.- --.- --.- --.- -.- -.- -.- Refined products production, ---b/d --.- --.- --.- --.- --.- --.- --.- Refined products consumption & ethanol, ---b/d --.- ---.- ---.- ---.- ---.- ---.- ---.- Dry natural gas production, bcm --.- --.- --.- --.- --.- --.- --.-

...Despite low oil prices, Myanmar s exploration profile remains favourable, with nine production sharing contracts (PSCs) signed with international oil companies (IOCs) in ---- alone and a further -- -D seismic survey campaigns sanctioned in end-----. Myanmar exports about --.- of its gas production as the previous junta government over-contracted its gas to overseas buyers. This will require the country to resort to LNG imports to meet export obligations and offset rising domestic demand. The successful and timely construction of an LNG import terminal at the Dawei SEZ project remains critical to avert a potential gas shortfall in Myanmar. We anticipate the terminal to be operational by ----. The government remains highly open to attracting greater foreign capital into its oil and gas sector. Tenders to form a refined fuels import and distribution joint-venture with Myanma Petroleum Products

...We have upgraded Myanmar s proved crude oil and natural gas reserves, to account for newly available resource estimate data following Woodside Petroleum s evaluation of its two discoveries in the Rakhine basin made in Q---. However, the longer-term trend we see is still that of a downtrend, as continued weakness in global oil prices deter significant investment in exploration plays, particularly as many of Myanmar s prospective basins are deepwater and frontier in nature. ...

  
Source:
Document ID
2052-580X
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Myanmar Oil and Gas Report" Aug 30, 2016. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Myanmar-Oil-and-Gas-Report-2026-1535>
  
APA:
Business Monitor International - Industry Reports. (2016). Myanmar Oil and Gas Report Aug 30, 2016. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Myanmar-Oil-and-Gas-Report-2026-1535>
  
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