Parami Calls for Revised National Environmental Policy,  HSE Standards in Myanmar

11 Feb 2014 – LONDON – Ken Tun, CEO of the Parami
Energy Group of Companies, an indigenous group of companies with a strong hold
in Myanmar’s Oil & Gas sector, outlined the need for a revised National
Environmental Policy in Myanmar. Tun believes that to protect local
infrastructure and to develop the industry in a sustainable manner, it is
timely for revisions to be made to the policy. 

Expressing his beliefs in an interview
conducted with The CWC Group’s Senior Producer and Project Manager Gurpreet
Hayre, Tun said that the government should also involve new operators in
setting standards for the policy and to set HSE requirements. He urged that
Myanmar’s government should draft a policy document with local content, in a
timely manner, so that supporting industries which are being developed locally
can grow in a sustainable manner.

Qualifying this statement, he said “Obviously,
there is the great interest here in Myanmar and I see Myanmar will play a very
big role in upstream sector regionally. We will have super packed exploration programs
in the years ahead. The operators I think will be able to come up with more HSE
requirements, and higher Environmental standards. It is now time for the
government to come up with a revised National Environmental Policy, addressing
the energy sector, with the help of these operators.”

Tun said that “Developing business for
local companies in the oil and gas sector still has its challenges. Steady progress is being made but it is a long and painful
process to acquire the jobs, execute and deliver up to the expectation of
owners and yet sustain profitability. Some of our projects did not make money
but we still delivered as promised as we are very hungry for experience and
reputation.”

He added “The Oil & Gas industry in
Myanmar is so small that any mistake you make can be visible to anyone in very
short period of time. Even big service companies cannot escape that.”

“Operators and the Myanmar Oil & Gas
Enterprise (MOGE) are very strict in terms of disqualifying the companies which
cannot meet deadlines or perform the job. If you cannot perform one job, you
are out [of consideration] for the next job. You can see some examples of this
in the EPC and Seismic business in Myanmar.”

Tun expressed that it is still a challenge
for local companies to move up the value chain by offering international
standards service. Supplier education programs are needed, such as HSE
certification, procurement procedures, and other forms of training to help
future operators to gain more confidence in local companies.

Parami take their Corporate Sustainability
Responsibilities very seriously. They get involved in the process of
development, to ensure that the projects they support help social development
in a sustainable manner. They help rural people with ways to sustain their
lives with the changes around them. Tun describes it as ““We give a man half a
fish to have his stomach half full and then teach them how to fish.” 

Some of Parami’s initiatives include
planting a total of 500,000 trees. To date they have planted 300,000 trees, of
which 100,000 trees were planted in 2013. In 2013, Parami also helped 1,000
children obtain a monastery school education in the Shan and Karen states and
they organized and financed 11 workshops to help local business communities to learn
about the ASEAN Economic Community (AEC).

Tun said that “Looking ahead, we might beat
our target of planting 500,000 trees by 2015. In 2014, we plan to support an additional
70 monastic schools and organize 7 AEC workshops.”

Parami is also cognizant of their
responsibilities to build a sustainable industry. Tun made mention that “There
is obviously shortage of local qualified people in our sector. Yet, more than
50% of our population are of young working age. 
Offering education, vocational and professional training is very
important for our industry to make it sustainable.”

Parami Energy is brainstorming ideas to
convert this readily available local resource to generate income nationally
from the energy sector. Ideas are welcome to address this opportunity.

Parami Energy is the official Local Partner
of the 2nd Myanmar Oil & Gas Upstream Summit, to be held in Yangon,
28-30 October 2014. The event is endorsed by the Ministry of Energy of the
Republic of the Union of Myanmar. To learn more about the event, visit cwcmyanmar.com.

About Parami Energy

Parami Energy is a group of companies with the core businesses in Oil & Gas, Power, Construction and Finance. We differentiate ourselves from our competitions through our corporate values, innovative business model, and straight forward business approach.

Parami Energy Development manages oil and gas exploration. Parami Energy Development aims to be a leading energy player of oil and gas upstream sector, to become a regional and international exploration company in this arena.

About the CWC Group

The CWC Group are renowned world experts in oil, gas, power, telecommunications, and infrastructure and investment sectors, particularly in emerging markets. We have a wealth of knowledge, offering top-level strategic events around the world.

We work closely with many governments, NOCs and international corporations to highlight the key issues and challenges facing the global energy industry. CWC operates globally and over the past 13 years, our gatherings have become widely acknowledged within the industry for their quality, prestigious level of government officials and senior corporate delegation.

For more information, please visit: Website: http://www.cwcmyanmar.com

Contact:

Roshan Jan-Mahomed
Marketing Manager
Tel: +44 20 7978 0000
Fax: +44 20 7978 0099
Email: Myanmar@thecwcgroup.com

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