Transcript opportunities in myanmar energy resources development programs

SOE MYINT
PRESIDENT
MYANMAR GEOSCIENCES SOCIETY
(US-MYANMAR ECONOMIC RELATIONS:THE
PATH FORWARD)
25 FEBRUARY, 2013
“WHY INVESTING IN MYANMAR MATTERS” 8 Oct. 2012
- Stephen Groff, Vice President, Asia Development Bank
 LAYING AT THE HEART OF ASIA, NESTLED
BETWEEN INDIA, THE PEOPLE’S REPUBLIC OF
CHINA AND SOUTHEAST ASIA, ITS DEVELOPMENT
IS STRATEGICALLY IMPORTANT- BOTH
POLITICALLY AND ECONOMICALLY- NOT JUST FOR
THE REGION, BUT ALSO FOR THE WORLD.
OIL & GAS SECTOR
 STATE-OWNED
- MYANMAR OIL AND GAS ENTERPRISE (MOGE)
 OPERATING FOREIGN OIL COMPANIES
-TOTAL E & P MYANMAR
- CHEVRON TEXACO
- CNPC
- SINOPEC
- CNOOC
- PETRONAS CARIGALI
- PTT E & P INTERNATIONAL
- DAEWOO E & P INTERNATIONAL
- NIPPON OIL
- ONGC VIDESH
- GAIL
- KOGAS
OIL AND GAS RESOURCES
OIL & GAS OCCURRENCES
 ONSHORE OIL PRODUCTION
- 3 MAJOR OIL FIELDS
- A FEW OTHER LESSER OIL FIELDS
ONSHORE CRUDE OIL PRODUCTION &
FORECAST (NO NEW DISCOVERY)
ONSHORE NATURAL GAS PRODUCTION &
FORECAST (NO NEW DISCOVERY)
OIL & GAS OCCURRENCES
 PRODUCING GAS FIELDS, OFFSHORE
YADANA GAS FIELD:
YETAGUN GAS FIELD:
SHWE GAS FIELD:
ZAWTIKA GAS FIELD:
 NEW GAS DISCOVERIES:
AUNGTHEINKHA DISCOVERY IN BLOCK M-3
PYITHAR DISCOVERY IN BLOCK A-6
CURRENT E & P OPPORTUNITIES
 18 ONSHORE BLOCKS FOR PETROLEUM E & P ON
PRODUCTION SHARING BASIS AND IPR BASIS
 31 OFFSHORE BLOCKS FOR PETROLEUM E & P ON
PRODUCTION SHARING BASIS
MAP SHOWING PETROLEUM E & P BLOCKS IN MYANMAR
DOING PETROLEUM E & P BUSINESS IN MYANMAR
 CONTRACTS ARE ON PSC BASIS MODELLED AFTER
INDONESIAN & MALAYSIAN PSCs.
 MYANMAR OIL AND GAS ENTERPRISE (MOGE) MAY HAVE
SIGNED MORE THAN 100 PSC CONTRACTS IN THE PAST
SEVERAL YEARS WITH OIL COMPANIES FROM ALL OVER
THE WORLD.
DOING PETROLEUM E & P BUSINESS IN MYANMAR
 CONTRACTS ARE GOOD, PEOPLE ARE GOOD AND WORKING
ATMOSPHERE IS GOOD.
 THERE IS IN PLACE A NEW FOREIGN INVESTMENT LAW (FIL)
WHICH IS INVESTOR FRIENDLY.
 MYANMAR IS SOON TO BECOME A MEMBER OF THE
INTERNATIONAL EXTRACTIVE INDUSTRY TRANSPARENCY
INITIATIVE (EITI).
FOR FURTHER ENQUIRIES:
U PE ZIN TUN
DIRECTOR GENERAL
ENERGY PLANNING DEPARTMENT
MINISTRY OF ENERGY
OFFICE BUILDING: NO. (6), NAY PYI TAW,
MYANMAR
TEL. : 95-67-411099/411157
FAX : 95-67-411113
EMAIL : [email protected]
ELECTRICITY SECTOR
 MYANMAR ELECTRIC POWER ENTERPRISE ( MEPE )
- STATE OWNED
 IPPs
 PPPs
 JVs ARE IN THE OFFING.
CURRENT FACILITIES IN MYANMAR’S ELECTRICITY SECTOR
 HYDROELECTRICITY
2660.34 MW
(INSTALLED)
 COAL
120.00 MW
 NATURAL GAS
549.90 MW
 STEAM
165.00 MW
 DIESEL
63.02 MW
 BIOMASS
3.72 MW
-------------------------------------------------------------TOTAL INSTALLED
3561.98 MW
CURRENT OPPORTUNITIES IN ELECTRICITY SECTOR
 MYANMAR NEEDS TO IMPROVE ELECTRICITY
SUPPLY SITUATION FROM CURRENT INSTALLED
CAPACITY OF 3.5 GW TO FIVE TIMES OF THE
PRESENT CAPACITY TO ACHIEVE 75%
ELECTRIFICATION RATE FROM CURRENT 26%.
- PRESIDENT U THEIN SEIN (JUNE, 2012)
 MINISTRY OF ELECTRIC POWER IS PLANNING TO
ADD INSTALLED CAPACITY BY 10,000 MW IN NEXT
TEN YEAR BY 2023.
 ADDITIONAL CAPACITY WOULD INCLUDE 40% OF
HYDROELECTRICITY, 30% EACH OF NATURAL GAS
AND WIND ENERGY.
MYANMAR AND THAILAND IN ENERGY SECTOR
(2012)
MYANMAR
THAILAND
26%
99.4%
ELECTRIFICATION RATE
PER CAPITA CONSUMPTION
104 KWh
2045 KWh
INSTALLED CAPACITY
3.5 GW
32 GW
POPULATION
MOTOR CAR POPULATION
BOE CONSUMPTION PER DAY
PER CAPITA OIL CONSUMPTION
60 MILLION
30 MILLION
0.06 MILLION
15.33 GALLONS
67 MILLION
~1.0 MILLION
1.6 MILLION
366.1 GAL.
MYANMAR’S HYDROPOWER POTENTIAL & OPPORTUNITIES
 ACCORDING TO A 1995 WORLD BANK’S STUDY,
MYANMAR HAS A POTENTIAL OF 108,000 MW
INSTALLED HYDROPOWER CAPACITY.
 MYANMAR ELECTRIC POWER ENTERPRISE (MEPE)
HAVE COMPLETED RELEVANT INVESTIGATIONS IN
SOME 92 SITES WITH A TOTAL INSTALLED CAPACITY
OF 46,000 MW.
 MEPE HAVE EXPLOITED ONLY 2,660 MW OF THE
INVESTIGATED HYDROPOWER.
MYANMAR’S HYDROPOWER POTENTIAL AND OPPORTUNITIES
COUNTRY
CHINA
NUCLEAR
(MW)
6,001
THERMAL
(MW)
HYDRO
(MW)
GAS
(MW)
OTHERS
(MW)
103,000
72,000
-
1,900
6,139
VIETNAM
-
4,266
9,392
THAILAND
-
4,600
3,171
LAOS
-
-
1,972
-
MYANMAR
-
120
2,660
715
21,812
225
66.7
 MYANMAR NEEDS TO IMPROVE ITS OWN ENERGY
INFRASTRUCURE TO MEET THE ENERGY
REQUIREMENT OF ITS ECONOMIC DEVELOPMENT
PROGRAMS.
 MYANMAR NEEDS TO DEVELOP AND EXPLOIT ITS
NATURAL RESOURCES TO BUILD UP STRONG
ECONOMIC BASE FOR THE COUNTRY.
 MYANMAR IS THE LAST FRONTIER IN THE REGION
FOR ITS NATURAL RESOURCES ENDOWMENT TO
BECOME A POTENTIAL ENERGY SUPPLIER COUNTRY
IN THE REGION.
FOR FURTHER ENQUIRIES:
U KHIN MAUNG ZAW
DIRECTOR GENERAL
DEPARTMENT OF ELECTRIC POWER
MINISTRY OF ELECTRIC POWER
OFFICE BUILDING : NO. (27), NAY PYI TAW,
MYANMAR
TEL. : 95-67-410203
FAX : 95-67-410219
EMAIL : [email protected]
MINERAL SECTOR
MYANMAR IS PROMOTING OPTIMAL UTILIZATION
OF HER VALUABLE MINERAL RESOURCES FOR ITS
PRODUCTION OF REFINED PRODUCTS,THROUGH
THE CONTRIBUTION OF FOREIGN INVESTMENT WITH
ADVANCED TECHNOLOGIES.
OPPORTUNITIES IN MINERAL SECTOR
 MYANMAR IS RICH IN
- METALLIC ORE MINERAL RESOURCES,
- INDUSTRIAL MINERAL & NON-METALLIC RAW
MATERIAL RESOURCES ,
- PRECIOUS & SEMI-PRECIOUS GEMSTONES AND
- FUEL MINERAL RESOURCES.
NOTABLE MINING PROJECTS:
 MONYWA COPPER MINE
- NORINCO OF CHINA SIGNED AN AGREEMENT TO
RESUME DEVELOPMENT OF THE MONYWA COPPER
MINE IN JUNE 2010.
- COST OF EXPANSION PROJECT ESTIMATED TO BE US
$ 1 BILLION.
• TAGAUNGTAUNG NICKEL PROJECT
-TISCO OF CHINA AND CNMC OF CHINA SIGNED AN
AGREEMENT IN JULY 2010, WITH MINISTRY OF MINES
OF MYANMAR TO JOINTLY DEVELOP THE PROJECT.
THE PROJECT IS TO OPERATE FOR 20 YEARS STARTING
LATE 2011, AT AN ESTIMATED COST OF US$800
MILLION.
OPPORTUNITIES IN MINERAL SECTOR
 MYANMAR IS INVITING
- 100% FDI AND
- JOINT VENTURE WITH LOCAL MINING
COMPANIES ON PRODUCTION SHARING BASIS.
FOR FURTHER ENQUIRIES:
U WIN HTEIN
DIRECTOR GENERAL
DEPARTMENT OF MINES
MINISTRY OF MINES
OFFICE BUILDING : NO.(19), NAY PYI TAW,
MYANMAR
TEL. : 95-67-409017
FAX : 95-67-409376
EMAIL : [email protected]
THANK YOU VERY MUCH
FOR YOUR ATTENTION!!
FOR FURTHER ENQUIRIES:
EMAIL: [email protected]