Exploration & Production

Myanmar preparing for upstream shakeup

The government looks set to try to improve the competitiveness of its fiscal regime before launching new licensing rounds The government looks set to try to improve the competitiveness of its fiscal regime before launching new licensing rounds.
By Damon Evans 8 May 2018 0 30742
A platform offshore Myanmar. The Yadana platform offshore Myanmar. (Total)

Myanmar is expected to revise its petroleum legislation and improve its fiscal terms in an effort to reinvigorate its upstream sector in advance of forthcoming licensing rounds.

Myanmar’s fiscal regime is known to be uncompetitive. According to Blair Miller, a Singapore-based energy trade and investment adviser at Scottish Development International, the industry has been raising concerns since 2015.

“However, the government was adamant it would not change, up until around six months ago, when their tone changed slightly,” Miller told Interfax Natural Gas Daily.

The government is aware...