Myanmar's upstream sector hobbled by pipeline controversy, poor E&D results

After a string of large offshore gas discoveries in the early 1990s brought it out of a long doldrums, Myanmar's oil and gas sector is sputtering once again.The main culprits are tensions between state oil company Myanma Oil & Gas Enterprise (MOGE) and the ruling military government that are hindering development and the disappointing results of onshore oil exploration; both are causing operators to throttle back investment. Click here to enlarge imageLegal problems affecting two major foreign companies are also a strain. Unocal Corp. and Premier Oil PLC are again facing legal and political pressure in their home countries and internationally for their involvement in development and ...

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