Deutsche says Myanmar is “potentially exciting” frontier play

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Deutsche says Myanmar is "potentially exciting" frontier play

Saturday, March 29, 2014 by Proactive Investors

Deutsche says Myanmar is "potentially exciting" frontier play.

Offshore Myanmar is a potentially exciting frontier play, according to Deutsche Bank.

Analyst Lucas Herrmann highlights it has proven hydrocarbon potential both onshore and more recently via two gas developments, Schwe Mya, in the shallow offshore.

"With investment in the region prohibited by sanctions which were lifted in 2012, this represented the first opportunity for the Western oil companies to gain access. 20 blocks have been awarded across both shallow and deepwater acreage," Herrmann said.

"We do not expect drilling in the near-term with the large blocks and under-explored nature of the area meaning that activity in the early years will focus on shooting seismic."

 

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