Insight

Exploring Myanmar's potential - fiscal, regulatory and commercial barriers to development

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Deepwater exploration offshore Myanmar has begun, following  the official signing of 19 of the 20 PSCs awarded in March 2014.  But the fiscal terms indicated by the initial deepwater PSCs are tough, and will make even a 4 tcf deepwater discovery difficult to economically develop. Further challenges to oil and gas development in Myanmar include regulatory ambiguity, a nascent service sector and barriers to gas monetisation.

Table of contents

    • Background
    • Timeline
    • Attractive prospects
    • Exploration success is only the start...
    • Contractual terms and taxation laws are open to interpretation
    • Nascent service sector and local content guidelines will pose questions
    • Uncertain domestic demand could prove to be a roadblock towards monetisation
    • Export opportunities are readily available...
    • ...but getting access to the Thailand or China markets may not be straightforward
  • Going forward Myanmar still remains an attractive proposition

Tables and charts

This report includes 7 images and tables including:

  • Awarded blocks and significant discoveries
  • Exploring Myanmar's potential - fiscal, regulatory and commercial barriers to development: Image 2
  • Model depwater field economics
  • Discovered fields
  • Range of potential gas demand
  • Myanmar - Yunnan
  • Myanmar - Ratchaburi

What's included

This report contains:

  • Document

    Exploring Myanmar's potential - fiscal, regulatory and commercial barriers to development

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