Myanmar Oil & Gas Industry 

• Myanmar is one of the oldest oil producers. It exported its first barrel of oil in 1853.
• The Rangoon Oil Company was the first IOC to drill in the country.
• Between 1886 and 1963, the country´s oil industry was dominated by Burmah Oil Company.
• Ychaugyaung oil field was discovered in 1887 and the Chauk field in 1902; both are still in production.

 The Myanmar potential

Myanmar has 17 different sedimentary basins onshore and offshore, and according to the USGS, Myanmar has considerable hydrocarbon potential. 

 Domestic Demand

• Power generation accounts for 58% of gas usage
• Private businesses have to rely on self-generation using imported liquids fuels
• Domestic demand will keep growing as pipeline infrastructure becomes more wide spread
• MOGE estimates that by the end of the decade domestic demand will reach 900 million cubic feet per day

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