Is Myanmar’s 2019 licensing round worth another look?
Myanmar is about to launch a new licensing round. But is now the right time? The country learned a hard lesson following the disastrous outcome from its 2013 licensing round. The government is now ready to try again, and make the pivotal move the industry was waiting for: to ease the fiscal terms. Will Myanmar seize this second chance and reclaim its status as regional exploration hotspot? We highlight the blocks likely to be on offer and the fiscal changes Myanmar must enact to attract explorers again.