Page 28 - Oil&Gas-AustralAsia-2015-Issue-4
P. 28
M YANMAR
Oil prices won’t affect Myanmar’s growth
By Marie RYAN the country as the cost of explora- local and foreign bid winners.
tion falls in line with energy prices This means that service contractors
In the face of dropping oil prices it said Daniel Clery, country manager will be in high demand. At least
seems Myanmar will emerge as the of Woodside Energy (Myanmar) - a two offshore supply bases will be
busiest in Asia as foreign and local subsidiary of Australia’s Woodside. required to fulfil logistics support
investors begin to ratchet up their It is a very good time to explore in for those operations.
explorations. Myanmar,” he said. “We will shortly start onshore op-
At a recent seminar Waranon Lapra- Than Tun, offshore director of My- erations such as drilling, pipelines,
bang, senior vice president of PTT anmar Oil and Gas Enterprise, said seismic activities, and some offshore
Exploration and Production, said oil the activities in Myanmar would be works. We have tried to develop
prices are creeping up. in full swing in the next three years. the existing offshore blocks and
“For now, operators need to see how Exploration must be carried out exploration on 20 new blocks will
they can work together to maintain regardless of the energy prices, start soon. Onshore exploration in
the success we have achieved,” he according to the Production Sharing 39 blocks has also kicked off,” Than
told the third annual Southeast Asia Contract obligation that binds all Tun said.§
Offshore Summit 2015. Low energy
prices will bring opportunities to
Ministry of Energy makes opening speech
By Myanmar Oil and Gas Services Society (MOGSS)
“Existing Laws and Regulations
of Myanmar and Energy Sector”
was successfully organized by
Myanmar Oil and Gas Services
Society (MOGSS) on 22nd
August 2015 at Rose Garden
Hotel, Yangon. The event was
fully supported by Speakers and
Senior Officials from Ministry of
Energy (MOE), Ministry of
Labour, Employment and Social
Security, Directorate of Investment
and Company Administration
(DICA) & Ministry of Finance.
Welcome Speech by MOGSS Chairman,
U Kyaw Kyaw Hlaing
Image courtesy of U Kyi Soe (MOGSS)
A A26 OIL & GAS ustral SIA SEPTEMBER/OCTOBER 2015 www.oilandgasaustralasia.com
Oil prices won’t affect Myanmar’s growth
By Marie RYAN the country as the cost of explora- local and foreign bid winners.
tion falls in line with energy prices This means that service contractors
In the face of dropping oil prices it said Daniel Clery, country manager will be in high demand. At least
seems Myanmar will emerge as the of Woodside Energy (Myanmar) - a two offshore supply bases will be
busiest in Asia as foreign and local subsidiary of Australia’s Woodside. required to fulfil logistics support
investors begin to ratchet up their It is a very good time to explore in for those operations.
explorations. Myanmar,” he said. “We will shortly start onshore op-
At a recent seminar Waranon Lapra- Than Tun, offshore director of My- erations such as drilling, pipelines,
bang, senior vice president of PTT anmar Oil and Gas Enterprise, said seismic activities, and some offshore
Exploration and Production, said oil the activities in Myanmar would be works. We have tried to develop
prices are creeping up. in full swing in the next three years. the existing offshore blocks and
“For now, operators need to see how Exploration must be carried out exploration on 20 new blocks will
they can work together to maintain regardless of the energy prices, start soon. Onshore exploration in
the success we have achieved,” he according to the Production Sharing 39 blocks has also kicked off,” Than
told the third annual Southeast Asia Contract obligation that binds all Tun said.§
Offshore Summit 2015. Low energy
prices will bring opportunities to
Ministry of Energy makes opening speech
By Myanmar Oil and Gas Services Society (MOGSS)
“Existing Laws and Regulations
of Myanmar and Energy Sector”
was successfully organized by
Myanmar Oil and Gas Services
Society (MOGSS) on 22nd
August 2015 at Rose Garden
Hotel, Yangon. The event was
fully supported by Speakers and
Senior Officials from Ministry of
Energy (MOE), Ministry of
Labour, Employment and Social
Security, Directorate of Investment
and Company Administration
(DICA) & Ministry of Finance.
Welcome Speech by MOGSS Chairman,
U Kyaw Kyaw Hlaing
Image courtesy of U Kyi Soe (MOGSS)
A A26 OIL & GAS ustral SIA SEPTEMBER/OCTOBER 2015 www.oilandgasaustralasia.com
