MYANMAR

(in Southeast Asia)

CAPITAL: YANGON

POPULATION: 48 mm

AREA (on): 678,500 km2

OIL PEAK: 1979

SUPPLY

Oil production in Myanmar derives from onshore fields located in a series of very old producing basins that run north to south through the centre of the country. Output peaked in 1979 and, despite introduction of foreign companies, no significant jumps in output are expected after a surge in 2003.

Onshore gas production has been constrained by the small market. There is considerable potential for onshore gas in the south but little chance this will be realised in the next decade. However offshore gas production began in 1999 with most gas exported to Thailand. There is potential for output growth with new projects being planned, delivered to the main export market of Thailand, whilst China and India are both possible new outlets.

 

DEMAND

The poor economy of Myanmar has kept consumption of both oil and gas at low levels although both oil and gas consumption were rising up to 2005. New offshore gas production has led to the creation of new domestic markets for gas since 2005, whilst oil consumption has declined slowly.

The country imports small quantities of oil and no major consumption growth is expected. Gas exports, which began in 1999, will continue to rise to a plateau in around 2013.

 

 
 

 

 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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