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E&P trends in Myanmar are hard to track because of the shadowy nature of the government, but what information exists shows several lesser-known, small energy companies operating in country. Political trends that impact E&P, however, are easy to track because they are loud and prevalent in the news, especially the human rights crasckdowns on protestors and the government’s refusal to allow in sufficient foreign disaster relief in the wake of the Cyclone Nargis. While Myanmar is mostly a gas play, there could be as much as 3.2 billion bbl of recoverable oil reserves in the country, most of it onshore. Of 16 gas and oil fields in country listed by The Myanmar Times, 10 were oil finds, but Total, which operates in the country, asserts that of Myanmar’s 170,000 bbl of oil equivalent produced per day, 90% is gas. Government statistics cite 13 energy companies operating in country.
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