MOGE invites supply-base bids

Myanma Oil and Gas Enterprise (MOGE) has requested local and international private companies to discuss the establishment of an offshore supply base joint venture, according to officials.

Interested private companies are invited to meet with MOGE between May 25 and June 12, according to a statement issued by the ministry body earlier this month.

The country will need new offshore supply bases to support the booming oil and gas business in Myanmar offshore, said the announcement.

“It will be a joint venture project partnership between MOGE and private companies, which we will proceed with following the discussions,” said an official from MOGE.

After the discussion process, MOGE will ask private companies to submit proposals for a joint venture, he said. The new facilities will be operated by private companies but regulated by MOGE.
“A few private companies have already talked to us about developing a new offshore supply base,” said the official.

Future offshore supply bases will be in Thilawa in Yangon, Dawei in Tanintharyi, Pathein in Ayeyarwady, and also in Mon and Rakhine states according to MOGE.

The country has only one offshore supply base at present, which is located in Thilawa and owned by MOGE.
A Singapore-based company signed a memorandum of understanding with the Mon State Government in January to build a new oil and gas supply base in Mudon township in Mon state.

The 2 Fish Group of Companies from Singapore will develop the project under 50-year build, operate and transfer terms, with an option to extend the contract by 10 years. The deal was signed under a company subsidiary, Myanmar Offshore Supply Base (MOSB).

However, the project has not yet been approved by MOGE. “We have heard of the project, but it is not yet in our hands. However any project related to the oil and gas business will not receive full permission without dealing with MOGE,” said an official.

MOGE and international companies signed production sharing contracts (PSCs) for 19 offshore blocks, a result of the first offshore bidding round in 2013. Only one PSC, for a shallow-water block, is left to be signed by Australian company Tap Oil.

A total of 13 international oil companies are expecting to start seismic acquisition campaigns at the end of this year, following the completion of environmental and social impact assessment surveys, according to officials.

Last year, MOGE invited companies to submit expressions of interest (EOI) for an onshore seismic data acquisition service, an onshore drilling rig service, an onshore pipeline construction and maintenance service, and a consultancy service.

Source: Myanmar Times

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here