July 04, 2017

Breaking News

Plans resume for offshore oil exploration base camp in Mon State

Photo of Yadana gas field located in Andaman Sea, approximately 60 kilometers offshore the nearest landfall in Myanmar. With a huge estimated reserve and international giants awarded onshore and offshore blocks, Myanmar has a huge potential in the oil and gas sector beyond 2015. Photo: Supplied
Photo of Yadana gas field located in Andaman Sea, approximately 60 kilometers offshore the nearest landfall in Myanmar. With a huge estimated reserve and international giants awarded onshore and offshore blocks, Myanmar has a huge potential in the oil and gas sector beyond 2015. Photo: Supplied

THE Myanmar Offshore Supply Base Limited, a partnership between Singaporean and Myanmar companies, is planning the implementation of an offshore exploration base camp close by Mon State’s Kyaikkhami Township, according to the Mon State government.
Efforts are currently being made to secure a permit from the Myanmar Investment Commission (MIC). Should a permit be issued, work would reportedly be carried out in Mon State for the next seventy years under a BOT system.
“A large number of government ministers approve of this project; it requires little input but yields a great profit in return. There should be lots of these kinds of projects in Mon State. The Mon State government needs to support the implementation of this project.” said U Saw Aung Myint Khaing, Kayin Ethnic Affairs Minister of the Mon State government.
The project will require roughly eight-hundred acres of land. It is known that forty-six acres will be rented from the government for US$6,000 a month, while should anymore land be needed, areas of the coastline of Kyaikkhami will be reclaimed, with suitable compensation to be issued to residents whose land would be confiscated for
the project.
In the capacity of developing regional industry, water purification plants will be built to mitigate pollutants being emitted into the ocean, whilst local adolescents will be given educational on-the-job vocational training in technological communications. Additionally, high-standard medical departments and housing projects, together with the distribution of engine oil, will also be implemented.
“As well as spreading technological education to develop basic capacity and offering employment opportunities, I also really approve of this project as it features so many opportunities for regional development.” said Daw San Win Khaing, Pa-O Ethnic Affairs Minister of the Mon State government.
U Sein Myint, erstwhile Mon State Hluttaw MP, explained talks over the project was held at the first session of Mon State Hluttaw during the tenure of the former government, with comments of agreement being given, but the project was suspended when the term of the previous government came to a close.
“The project will have little negative impact on the environment; it will be carried out in accordance with the stipulated criteria. The regional development aspects of the project need to be signed as opposed to giving one’s word and the public need to be shown such a contract.” said U Sein Myint.
Upon completion of the aforementioned offshore oil exploration base camp, foreign shipping vessels will be able to use the base to refuel, stock up on supplies and utilise any other services of requirement, it is reported.—Myitmakha News Agency

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