16 Aug, 2014
New Trade Show to Tap Myanmar’s Oil & Gas Bonanza
Singapore, Aug 11, 2014 – (ACN Newswire) – The inaugural edition of Oil & Gas Myanmar 2014, a dedicated industry trade event focusing on Oil & Gas Exploration and Production & Refining, will be unveiled at the Myanmar Convention Centre (MCC) from 15 to 17 October 2014 amidst an exciting and promising era in the country’s energy sector.
Myanmar has seen noticeable benefits since the opening of its energy sector to foreign investors in recent years. Data from the Myanmar Investment Commission put oil and gas foreign investments at USD$14.372 billion last year[1], accounting for 33.46 per cent and ranking second in the country’s foreign investment after electric power.
The country has awarded offshore petroleum exploration blocks tenders to international energy companies, including major players like ConocoPhillips, Royal Dutch Shell PLC, and Total SA – a clear sign of the development of the country’s potentially vast hydrocarbon resources.
Foreign companies have also won tenders for oil and gas exploration for onshore blocks, with companies hailing from Britain, Brunei, Canada, India, Italy, Luxembourg, Malaysia, Pakistan, Russia and Thailand.[2]
Mr. Chua Buck Cheng, Project Director for Oil & Gas Myanmar, from show organiser Singapore Exhibition Services says, “The business climate in Myanmar in recent years has brought about endless possibilities, with the energy sector attracting healthy investments. Oil & Gas Myanmar 2014 recognises the needs and potential of this emerging market and will help to bring the international oil and gas community to Myanmar. This show will provide the optimal platform for exhibitors to seek deeper insights to the local energy industry, and for local players to source for the most up-to-date products and technologies.”
Oil & Gas Myanmar 2014 is set to be a comprehensive platform for oil and gas players in the international arena seeking to enter Myanmar market.
The show is expecting more than 60 international exhibitors, including leading industry names such as 3R Solutions, Downhole Products, Franklin Offshore, Schulz Far East, Toll Offshore, Wartsila, Yokogawa and more. There will be strong representation at the Singapore and UK pavilions, supported by International Enterprise (IE) Singapore and UK Trade & Investment (UKTI) respectively.
Organising the collective participation of 20 Singapore-based companies under the Singapore Pavilion with the support of IE Singapore is the Association of Singapore Marine Industries (ASMI). Ms. Winnie Low, Executive Director of ASMI says, “ASMI is pleased to lead the Singapore Pavilion at Oil & Gas Myanmar 2014. The opportunities and potential in Myanmar’s oil and gas sector is immense – an opinion shared by the 20 companies in the pavilion. Through participating in the show, we hope to get a head start into the Myanmar market, and we look forward to meeting local companies at the 222 square metres Singapore Pavilion.”
Mr. Toh Boon Meng, General Manager of the Emerging Markets Division of Yokogawa Engineering Asia says, “The scope of opportunities in Myanmar is great as we at Yokogawa expect substantial economic growth in the coming years as the country offers rich natural resources, new emerging market and an investment-friendly environment. Rated amongst the world’s top exploration and production hotspots, rapid growth is expected across key sectors, notably oil and gas. Being the leading global provider in the industrial automation and control business, Yokogawa is set to establish a foothold in Myanmar with our latest automation systems and a greater range of solutions and services covering the entire plant lifecycle.”
“We will focus in establishing long-term partnerships with our customers through providing unsurpassed value-adding services to bring out the best of their plants for growth and profitability,” he adds.
Equally enthused about the prospects the show will bring to businesses, Mr. Ryan Ng, General Manager (Far East & Australia) of Schulz (Far East) says, “Schulz is excited about the potential of Myanmar’s oil and gas industry. Myanmar is one of the world’s oldest hydrocarbon producers. As production conditions get tougher, the requirements for pipes and fittings get more stringent and demanding. As such, Schulz is well positioned to meet these demands with our high grade materials and advance manufacturing technologies. Oil & Gas Myanmar 2014 is a good venue to showcase our capabilities and technologies to existing and future clients.”
Ms. Banu Kannu, General Manager, Marketing Ship Power at Wartsila Shanghai Service shares the same sentiments. She says, “At Wartsila we believe that Myanmar is a new and exciting market, especially when it comes to the oil and gas industry. Being leaders in innovative and efficient technologies that support upstream, midstream and downstream oil and gas sectors, we are confident there is huge potential in Myanmar for us. Oil & Gas Myanmar 2014 will be a good platform for us to meet the major players in the market and find out what the situation on the ground is. We are looking forward to our participation and wish the event every success.”
Website: www.OGMyanmar.com
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