Country Report
Myanmar upstream summary
Report summary
Exit of Majors and IOCs: Due to political instability following the military coup in 2021, key operators exited legacy projects in 2022-23. A handful of Asian NOCs and regional players remain active in the country.TotalEnergies exited from the Yadana project in 2022Nippon Oil and PETRONAS withdrew their interests from YetagunTotalEnergies and Woodside exited Block A-6 projectChevron sold a 41.1% stake in the Yadana field to Canadian MTI Energy in February 2023Shell relinquished deepwater ...
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- NOCs
- IOCs
- Majors
- Regional players
-
Geology
- Introduction
- Central Basin
- Chindwin Basin
- Rakhine Coast/Bengal Delta Basins
- Gulf of Moattama/Irrawaddy Delta Basins
- Pegu Yoma Basin
-
Exploration
- Licensing
-
Offshore
- Future licensing activity
- Historical licensing activity
-
Onshore
- Future licensing activity
- Historical licensing activity
-
Drilling
- Drilling activity
- Future Drilling
- Historical drilling activity
- Success rates
-
Reserves and resources
- Contingent resources
-
Production
-
Liquids
- Future liquids production
- Historical liquids production
-
Gas
- Future gas production
- Historical gas production
-
Liquids
-
Infrastructure
-
Oil infrastructure
- Domestic network
- Export network
-
Gas infrastructure
- Export Network
- Domestic Network
-
Oil infrastructure
-
Costs
-
Capital costs
- Capital expenditure by location
-
Capital costs
-
Policy and regulation
- Key legislation
- Regulatory body
- State oil company
- State participation
- Licensing
-
Fiscal terms
- Current fiscal terms
-
Overview
- Upstream
- Current Fiscal Terms
-
Production Sharing Contracts (PSCs)
- State equity participation
- Participation Rate
- Carry & Reimbursement
- Bonuses, rentals and fees
- Signature bonuses
- Area rentals
- Training Fees
- Other bonuses and fees
- Production bonuses
- Indirect taxes
- Royalty and other production taxes
- Royalty
- Export duty
- Environmental / CO2 taxes
- Domestic Supply Obligation (DSO)
- Contractor Revenue Entitlement
- Natural Gas Pricing
- PSC cost recovery
- Cost Recovery Ceiling
- Recoverable Costs
- Investment uplift/credit
- Cost Carry Forward
- PSC Profit Sharing
- Current Terms (2013 Licensing rounds)
- Historic terms
- Corporate (or Petroleum) Income Tax
- Tax Rate
- Taxable Income
- Investment uplift/credit
- Additional Profits Taxes
- Fiscal/Contractual Ring-Fences
- Dividend Withholding Tax
- Other Taxes
- Sample Cash Flow
- Marginal Government Take
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Other Contracts
- Performance Compensation Contract (PCC)
-
Historical background
- 1980s
- 1990s
- 2000s
Tables and charts
This report includes 62 images and tables including:
- Key facts: Table 1
- Country Map
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Liquids and Gas Production and Reserves
- Liquids and Gas Reserves
- Reserves and contingent resources at 01/01/2024
- Net Acreage 2024
- Map of Basins
- Blocks Awarded
- Fiscal terms: Table 23
- Fiscal terms: Table 24
- Fiscal terms: Table 25
- Fiscal terms: Table 26
- Fiscal terms: Table 27
- Fiscal terms: Table 28
- Fiscal terms: Table 29
- Fiscal terms: Table 30
- Fiscal terms: Table 31
- Fiscal terms: Table 32
- Fiscal terms: Table 33
- Fiscal terms: Table 34
- Fiscal terms: Table 35
- Fiscal terms: Table 36
- Fiscal terms: Table 37
- Drilling Activity by Well Type
- Geological and Commercial Success Rates
- Production: Table 1
- Production: Table 2
- Liquids Production
- Production: Table 3
- Production: Table 4
- Gas Production
- Infrastructure: Table 1
- Oil Infrastructure Map
- Infrastructure: Table 2
- Gas Infrastructure Map
- Costs: Table 1
- Costs: Table 2
- Fiscal terms: Table 1
- Fiscal terms: Table 2
- Fiscal terms: Table 3
- Fiscal terms: Table 4
- Fiscal terms: Table 5
- Fiscal terms: Table 6
- Fiscal terms: Table 7
- Fiscal terms: Table 8
- Fiscal terms: Table 9
- Fiscal terms: Table 10
- Fiscal terms: Table 11
- Fiscal terms: Table 12
- Fiscal terms: Table 13
- Fiscal terms: Table 14
- Fiscal terms: Table 15
- Fiscal terms: Table 16
- Fiscal terms: Table 17
- Fiscal terms: Table 18
- Fiscal terms: Table 19
- Fiscal terms: Table 20
- Fiscal terms: Table 21
- Fiscal terms: Table 22
- Fiscal terms: Table 38
What's included
This report contains:
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