2nd Myanmar Oil & Gas Upstream Summit to Occur 28-30 October 2014

6
February 2014 – LONDON – The CWC Group
has announced that the second Myanmar Oil & Gas Upstream Summit
will take place in Yangon on
28-30 October 2014. The event is supported by the Ministry of Energy of
the Republic of the Union of Myanmar, the Myanmar Oil & Gas Enterprise and
Parami Energy.

Myanmar is expected to play a significant
role in the upstream sector in the region. In 2013, the Ministry of Energy
offered 18 onshore and 30 offshore blocks for bid. The results are expected
this month.

In 2009, the market for Myanmar’s oil &
gas service industry was US$400m and has since grown to almost US$1bn in 2013.
The market is expected to easily grow into a multibillion dollar industry, with
new production sharing contracts (PSC’s) being signed.

The CWC Group’s Senior Producer and
Project Manager, Gurpreet Hayre said that “With continued support from the
Ministry of Energy and the Myanmar Oil & Gas Enterprise, The Myanmar
Upstream Oil & Gas Summit has proven itself as the best possible meeting
place at which discover and discuss new investment opportunities in Myanmar. Last
year we attracted attendance from representatives from 35 different companies, who
travelled to Myanmar from 19 countries. This year we expect to exceed those
numbers.”

Ken Tun, the CEO of Parami Energy Group,
the local partner organizing the summit, said “We find the summit to be very
high profile, informative and educational. From it, we are able to understand
how important it is for Myanmar to understand what we have and how to leverage
our national assets to develop the country.

Last year, we also learned how important it
is to develop local capabilities to make the industry sustainable. Myanmar may
be one of the last countries to develop its oil and gas industry, but we have
plenty examples to learn from. Countries like Norway to Nigeria. This time we
expect to learn more.”

For more information about the Summit
please visit www.cwcmyanmar.com

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: 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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