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Myanmar research trip 2016: key takeaways
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Report summary
The following slides highlight the key findings from Wood Mackenzie’s upstream research trip to Myanmar between 16 and 20 May 2016. We met with 16 companies and organisations in Yangon and Nap Yi Taw, including IOCs, local upstream players and service companies, in addition to contacts within government and the industry regulator. The main takeaways are: Recent gas discoveries generating optimism for offshore explorers Operators capturing lower seismic, drilling and services costs due to global cost deflation – but exploration activity set to pick up from 2017 Higher-than-expected production decline at Yetagun impacting overall gas exports Global portfolio rebalancing creating M&A opportunities Government has prioritised electrification as part of its Energy Master Plan
Table of contents
- Recent gas discoveries generating optimism for offshore explorers
- Operators capturing lower seismic, drilling and services costs due to global cost deflation – but exploration activity set to pick up from 2017
- Higher-than-expected production decline at Yetagun impacting overall gas exports
- Global portfolio rebalancing creating M&A opportunities
- Government has prioritised electrification as part of its Energy Master Plan
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