Asia

Myanmar keen to advance offshore capabilities

Houston: Myanmar is keen to foster its own competencies in the offshore sector, but acknowledges this will take time.

Speaking to the Offshore Technology Conference in Houston on Thursday, U Htin Aung, the country’s deputy minister for energy, said: “In the future we would like our Myanmar companies to work more actively in the oil and gas business. At this moment they do not have the experience or the knowledge.”

Aung said local companies were now working with foreign firms to gain experience and knowledge.

“Hopefully in the future our domestic companies will be more active in the oil and gas industry,” he said.  

After years of isolation Myanmar is now one of the most exciting nations in Asia for offshore developments with the world’s top energy majors all jostling for position.  [10/05/13]

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