Oil regulation—Myanmar—Q&A guide

The following Energy practice note provides comprehensive and up to date legal information covering:

  • Oil regulation—Myanmar—Q&A guide
  • 1. Describe, in general terms, the key commercial aspects of the oil sector in your country.
  • 2. What percentage of your country’s energy needs is covered, directly or indirectly, by oil or gas as opposed to nuclear or non-conventional sources? What percentage of the petroleum product needs of your country is supplied with domestic production?
  • 3. Does your country have an overarching policy regarding oil-related activities or a general energy policy?
  • 4. Is there an official, publicly available register for licences and licensees? Is there a register setting out oilfield ownership or operatorship, etc?
  • 5. Describe the general legal system in your country.
  • 6. Describe the key laws and regulations that make up the principal legal framework regulating oil and gas activities.
  • 7. Are there any legislative provisions that allow for expropriation of a licensee’s interest and, if so, under what conditions?
  • 8. May the government revoke or amend a licensee’s interest?
  • 9. Identify and describe the government regulatory and oversight bodies principally responsible for regulating oil exploration and production activities in your country. What sanctions for breach may be imposed by the regulatory and oversight bodies?
  • More...

Oil regulation—Myanmar—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to oil regulation in Myanmar published as part of the Lexology Getting the Deal Through series by Law Business Research (published: June 2021).

Authors: Myanmar Legal MHM Limited—Khin Cho Kyi; Albert T Chandler ; Kana Manabe; Nirmalan Amirthanesan

1. Describe, in general terms, the key commercial aspects of the oil sector in your country.

Oil production has taken place in Myanmar for more than 1,000 years. The first export was in 1854. The Bama Oil Company discovered the onshore Yenangyaung oil field in 1887. The oil and gas sector was nationalised in 1962.

At present, there are 17 onshore blocks and three main offshore blocks in production. According to the US Energy Information Administration, as of December 2020, output of oil and condensate from these fields was around 8mb/d (million barrels per day). The offshore Yadana (Total, Chevron and PTTEP) and Yetagun (Petronas, Nippon Oil and PTTEP) natural gas projects began production in 1998 and 2000 respectively under gas sales contracts to the Thai state oil company PTT. Yadana's gas production rate, according to industry sources, was estimated to be 759mmcf/d (million cubic feet of natural gas per day) on average over January to October 2020, with production declining. Yetagun produced an average of 1,751bbl/d (billion barrels per day) of condensate in December 2019. Its gas production rate,

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