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2^nd MOGP (Myanmar Oil, Gas & Power) Summit is coming up soon on 03-06 September 2012. Key officials and major energy stakeholders from across the globe including Exxonmobil, Chevron, ConocoPhillips, Shell, BP and many top international companies will be attending the summit.

Over 200 delegates have confirmed their participation, out of which 46.76% of them represent oil & gas exploration companies. Other segments marking their corporate presence are oil and gas service firms, energy consultants, geophysical services companies, traders, EPC companies, investors, legal service providers and others.

Opening Address by His Excellency U Than Htay, Union Minister of Energy, Myanmar is a main highlight of the event. The summit also includes talks by key officials from Ministry of Energy, Directorate of Investment and Company Administration (DICA), andMinistry of Electric Power No. (1) & (2), as well as sessions by industry experts spotlighting on Myanmar’s Upstream Oil & Gas segment, the latest on Processes & Infrastructure, and the new developments and plans in Myanmar’s Power Generation & Transmission.

The 4 days event also presents delegates with options to attend three separately bookable workshops on “Introduction to Business Ventures in Myanmar”, “Project Development & Financing for Oil/Gas & Power in Myanmar” and “Prospectivity & Geological Outlook of Myanmar Oil & Gas”.

To reserve seats for this event, REGISTER here now. Or forward your enquiries to Ms. Huiyan at huiyan@cmtsp.com.sg

Myanmar, one of the world’s first oil producers , has opened up rapidly since a civilian government took office last year. With the easing of Western sanctions, European oil firms will participate in Myanmar’s first oil exploration tender, but U.S. companies might wait for more concrete reforms, said the head of a local oil firm. After at least 15 years, this tender will be the first opportunity for U.S. oil firms to take part in Myanmar’s energy sector.

Ken Tun, chief executive of Myanmar’s Parami Energy said, “Europe are definitely interested and will participate in the next round, the United States is showing interest but do not know what type of vehicle they will use to get in.” He also added that it is expected that Myanmar will offer six new onshore blocks in the 2012 tender and re-offer nine or ten blocks from last year’s offer. The details are yet to be confirmed by the government. Parami Energy, one of the few privately-owned oil and gas firms in Myanmar, will team up with Vietnamese-Russian oil venture Vietsovepetro to bid for blocks.

Meanwhile, Thailand’s top energy firm, PTT Pcl said that it is planning a $2 billion - $3 billion investment in Myanmar projects. This includes a 150,000-barrel-per-day refinery, coal mines and a power plant. PTT’s Chief Operating Officer, Nattachat Charuchinda said, “We are preparing the investment plans for the Myanmar government, which should involve around $2-3 billion.” He also said that PTT planned to set up a subsidiary, PTT Myanmar, to oversee its investment in the country, where it also wants to have 60 petrol stations within 5 years. PTT’s proposed investment is among the biggest to be announced.

Myanmar is attracting heavy interest from Western countries, as well as Asian players who are keen to participate in the nation’s energy sector. The 2^nd MOGP (Myanmar Oil, Gas & Power) Summit from 03-06 September 2012 in Yangon is structured to bring the latest advancements in the country’s oil, gas and power industry. The Summit also features separately bookable workshops to deliver an all-encompassing overview of the varied aspects of doing business in Myanmar. REGISTER here now to attend the summit, or contact Ms. Huiyan at huiyan@cmtsp.com.sg for further information.

View complete articles at Reuters.com and here

Myanmar is facing immense interest from foreign investors, chiefly due to the political and economic reforms in the country, plus countries lifting sanctions and improved diplomatic ties.

Australia’s Minister for Resources, Energy and Tourism, Martin Ferguson said his country is looking to build partnerships with foreign companies such as the US-based Chevron and Thailand’s PTT to invest in Myanmar. "We have encouraged Australian mining and petroleum companies to look at opportunities for oil and gas in Myanmar," he said at the World Economic Forum on East Asia. "Joint partnership is good, because we can share the expertise. Energy resources want huge investment up front, and we can share the risk and share the cost."

Mr Ferguson said investors are certainly looking forward to the implementation of political and fiscal reforms in the country.

The 2^nd MOGP Summit on 03-06 September in Yangon, will discuss the latest on upstream petroleum (Oil & Gas) fiscal regime, Infrastructure roadmap for Oil, Gas & Power Sectors, updates on Investment Law and changes on Taxation, securing project financing facility for investment, and much more. The energy ministry will also announce details on Myanmar’s newest round of international bidding for onshore blocks.

While the details of the summit are being finalised, one may Pre-Register now to reserve seats for the event. For further enquiries, contact Ms. Huiyan at huiyan@cmtsp.com.sg

Excerpt taken from Bangkokpost.com

In the fiscal year 2011-2012, Myanmar’s natural gas exports jumped to US$ 3.563 billion. Based on local media reports, the total figure was up $640 million from $2.92 billion in 2009-10. Export earnings were mostly from the Natural Gas from Yetagun and Yadana gas blocks. By 2013, natural gas from Shwe and Zawtika blocks will be exported.

$13.815 billion for 104 projects made up the foreign investment as of November 2011. Earlier press reports stated that the Energy Ministry has granted permits to 7 national-controlled companies to engage in JV business with international oil companies in 9 blocks. Out of these, 2 contracts have already been signed.

International oil companies from Indonesia, Thailand, France, Malaysia, Russia, China and India are now doing business in Myanmar. Foreign companies engaged since 1988 in the Taninthayi and Rakhine regions are Australia, Britain, Canada, China, Indonesia, India, South Korea, Malaysia, Russia, Singapore, Thailand and Vietnam.

Official statistics say that Myanmar is estimated to posses 3.2 billion barrels of recoverable crude oil reserve.

To deliver an overview of the kaleidoscopic developments taking place in Myanmar, the 2^nd MOGP Summit to be held in Yangon from 3-6 September is bringing together an assembly of official speakers from the Ministry of Energy and the Ministry of Electric Power No.2, just to name a few as of now. A key highlight of the event is the Opening Address by Union Minister of Energy, Myanmar, His Excellency U Than Htay.

The event also boasts a half-day Pre-Conference workshop, which delegates can attend upon separate booking.  One may Pre-Register now to attend this event, or contact huiyan@cmtsp.com.sg for further information on the conference.