A Scottish economic development agency will lead a trade mission to explore investment opportunities for oil and gas companies in Myanmar, Asia’s “final frontier”.
Myanmar, also known as Burma, has vast underdeveloped oil and gas reserves and its government, which is guiding the transition to democracy after decades of military rule, is keen to develop the nation’s indigenous energy sector.
Scottish Enterprise plans to use the trip to find out how Scotland’s wider supply chain can fill the gaps in Myanmar’s oil and gas supply chain.
Woodside Petroleum said it has discovered gas at its second well off Myanmar on the opposite side of the offshore Rakhine Basin where it gas in January.
Australian oil producer Tap Oil's $24.4million of exploration write downs has led to the company reporting a loss of $17.4million in its half year results.
Ophir Energy has signed a production sharing contract with the Myanmar Ministry of Energy.
The move finalises the award of Block AD-03 offshore Myanmar, which the company has a 95% interest in.
