Asset Report

Myanmar Bengal Delta exploration sub-basin

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Interest in Myanmar's upstream sector has surged in the past 10 years as diplomatic relations with the West improved. The deepwater Bengal Delta Sub-basin became one of the most keenly watched frontier plays worldwide. The 2013 offshore licensing round, which included deepwater blocks in the Bengal Delta Sub-basin, was strongly contested. The round saw the entry of both majors and large international oil companies (IOCs). However, the wave of high-impact drilling anticipated to follow the licensing round has not materialised due to tough fiscal terms and more realistic view of prospectivity. The petroleum system remains largely unproven and exploration risk is high. The basin is struggling to compete for capital in a time of disciplined spending and streamlined exploration portfolios.

Table of contents

Tables and charts

This report includes the following images and tables:

  • Commerciality index
  • Exploration history map
  • Exploration wells by play
  • Licensed exploration acreage
  • Expiry forecast of current licences
  • Key licence holders
  • Key well operators (TYP period)
  • Gross exploration wells completed by operator
  • Net exploration wells completed by participant
  • Company success rates and discoveries
  • Key play characteristics
  • Drilling activity by well type
  • 29 more item(s)...

What's included

This report contains:

  • Document

    Myanmar Bengal Delta exploration sub-basin

    PDF 1.91 MB