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Myanmar Oil & Gas Bid Rounds 2013 Onshore Offshore Blocks | Myanmar Oil and Gas Blocks | Investment Opportunities in Myanmar

What will be the most likely Principle for Selecting Bidders in Myanmar Oil & Gas Bid Rounds for Offshore & Onshore Blocks?

With Myanmar’s changing economic and political environment, MiTA Myanmar Team finds that the following development and information may help realign strategic corporate decisions while participating in 2013 Myanmar Oil & Gas Bid Rounds for Onshore and Offshore blocks.

Example indication of unbiased selection from Myanmar’s Telecom Bidding:

“Telenor Mobile Communications and Ooredoo selected as successful applicants in the Nationwide Telecommunications License Award Process” by Telecommunications Operator Tender Evaluation and Selection Committee, which was published in the New Light of Myanmar newspaper dated 28 June 2013. ‘Press release for two (2) telecom license award’ was posted on website of MCPT.

In Telecom bidding, the point to be noted H.E. U Set Aung said that while he’d prefer local companies, the process complied with international practices……….Four of the bidder groups had very renowned local Myanmar partners, including those led by SingTel, Digicel Group Ltd. and Soros. Japan’s KDDI Corp. (9433) and South Africa’s MTN Group Ltd. (MTN) ….have not been selected…….. “The playing field should be level,” he said.”

It is reported that for “improving Myanmar Government’s policy implementation and supporting President U Thein Sein’s clean government push” along with other 3 Ministers, Minister of Energy has also been changed while onshore & offshore bidding processes are ongoing. To be noted that Telecom Minister was also changed while Telecom bidding process was ongoing.

What will be the most likely Principle for Selecting Bidders in Myanmar Oil & Gas Bid Rounds for Offshore & Onshore Blocks?

The “outcome of Telecom bid round in Myanmar” clearly indicates that even in “Bid Rounds for Onshore & Offshore Blocks” the bidders will be selected and awarded PSCs based on the merit of the proposal as well as the technical & professional capabilities of the bidder(s), and not based on any bias of who is the local Myanmar Partner Company of a foreign company.

Myanmar Local Partner Company Registered with EPD, Ministry of Energy

Investment & Strategic Business Consulting Company (ISBC is our associated local company in Myanmar) is now registered with Energy Planning Department (EPD) / Myanmar Oil & Gas Enterprise (MOGE). EPD has also included ISBC’s name on its website in the list of local Myanmar companies selected to cooperate / partner with foreign companies in the on-going bidding process for both onshore and offshore blocks in Myanmar. ISBC is registered at entry number 137 on the list of companies that are approved to cooperate with foreign companies to bid for oil & gas blocks in Myanmar and the list is approved by EPD, Ministry of Energy, Government of Myanmar.

ISBC is shown at entry number 137 because we decided to register (with EPD) late only in April 2013 as we awaited for appropriate time that we could participate in the bidding rounds for oil & gas blocks in Myanmar based solely on our professional capabilities founded on our values and business ethics.

We bring to the table completely different value propositions (w.r.t. carry-on interests / deferred-interests and deferred-payment), as well as, we bring in our professional consulting experience in Myanmar’s oil & gas industry among other industries.

MiTA Myanmar Team @ ISBC consists of professionally qualified and highly experienced personnel with international experience. In Myanmar, we also have a Panel of Advisors and Senior Consultants who retired from various Myanmar Govt. Departments & Enterprises. In Myanmar, MiTA Services (Singapore) provides services in association with MiTA Myanmar @ Investment & Strategic Business Consulting (ISBC) which is a Myanmar registered local company having office in Yangon. MiTA Services Pte Ltd is a management consulting, investment advisory and engineering services company. MiTA provides services in Singapore, Myanmar, Thailand, Vietnam, India, etc. and across industries including Oil & Gas, Renewable (Solar & Wind) Energy, Mining, Power, Telecommunication, Real Estate (Property Development), Infrastructure, Agriculture, Medical & Health Care, etc.

For more information and business enquiry you may please contact us:

MiTA Myanmar @ ISBC
# 604, Building B, Delta Plaza
Shwe Gon Daing Road, Yangon, Myanmar

Myanmar Office @ ISBC: +95 9420110666, +95 9420110451, +95 9504 1262
Singapore Office: +65 68661430

Block Map – Myanmar’s Onshore & Offshore Oil & Gas Blocks

Myanmar Oil & Gas Bid Rounds

Ref: Presentation of H.E. Deputy Minister Ministry of Energy, Govt. of Myanmar at Offshore Technology Conference (OTC) – 2013 in Houston, USA.
Courtesy: EPD / MOGE

MiTA Myanmar Investment Conferences & Exhibitions
MiTA Services Pte Ltd

10 Anson Road
# 10-11 International Plaza
Singapore – 079903

Phone: +65 6866 1430
Fax: +65 6491 1206

More Info @ Contact Us Page
Registration No. 200921674D

# 604, Building B, Delta Plaza
Shwe Gon Daing Road
Yangon, Myanmar
Phone: + 95 94201 10451,
+95 94201 10666
Fax: (Singapore) +65 6491 1206

More Info @ Contact Us Page
Myanmar Reg No. 2442/2011-2012

MiTA Services

• India • Myanmar • Thailand • Vietnam• Japan
• USA • Europe

Corporate Social Responsibilities

MiTA Services is committed to Green Environment, Sustainable Development and Value Creation for the Ecological Society where man coexists with nature. MiTA Services commits to use minimal papers in office work to save the trees and encourages everybody using electronic media as much as feasible. MiTA's research, engineering design and management practice will follow green business philosophy.