Country Report

Myanmar upstream summary

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Exit of majors and IOCs: Due to political instability following the military coup in February 2021, key operators exited legacy projects in 2022-24. A handful of Asian NOCs and regional players remain active in the country.TotalEnergies exited from the Yadana project in July 2022Nippon Oil/JX and PETRONAS withdrew their interests from YetagunTotalEnergies and Woodside relinquished the block A-6 permit in 2023Chevron exited the Yadana project in April 2024, transferring its interest to PTTEP ...

Table of contents

  • Executive summary
  • Key facts
  • Location maps
    • NOCs
    • IOCs
    • Majors
    • Regional players
    • Introduction
    • Central Basin
    • Chindwin Basin
    • Rakhine Coast/Bengal Delta Basins
    • Gulf of Moattama/Irrawaddy Delta Basins
    • Pegu Yoma Basin
    • Licensing
    • Offshore
      • Future licensing activity
      • Historical licensing activity
    • Onshore
      • Future licensing activity
      • Historical licensing activity
    • Drilling
      • Drilling activity
      • Historical drilling activity
      • Success rates
    • Contingent resources
    • Liquids
      • Future liquids production
      • Historical liquids production
    • Gas
      • Future gas production
      • Historical gas production
    • Oil infrastructure
      • Domestic network
      • Export network
    • Gas infrastructure
      • Export Network
      • Domestic Network
    • Capital costs
      • Capital expenditure by location
    • Key legislation
    • Regulatory body
    • State oil company
    • State participation
    • Licensing
    • 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
      • 25 more item(s)...
    • Sample Cash Flow
    • Marginal Government Take
    • Other Contracts
      • Performance Compensation Contract (PCC)
    • Historical background
      • 1980s
      • 1990s
      • 2000s

Tables and charts

This report includes the following images and tables:

  • 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
  • 50 more item(s)...

What's included

This report contains:

  • Document

    Country Overview

    PDF 18.48 MB