SOE MYINTPRESIDENT

MYANMAR GEOSCIENCES SOCIETY(US-MYANMAR ECONOMIC

RELATIONS:THE PATH FORWARD)25 FEBRUARY, 2013

“WHY INVESTING IN MYANMAR MATTERS” 8 Oct. 2012 - Stephen Groff, Vice President, Asia Development BankLAYING AT THE HEART OF ASIA, NESTLED BETWEEN INDIA, THE PEOPLE’S REPUBLIC OF

CHINA AND SOUTHEAST ASIA, ITS DEVELOPMENT

IS STRATEGICALLY IMPORTANT- BOTH

POLITICALLY AND ECONOMICALLY- NOT JUST FOR

THE REGION, BUT ALSO FOR THE WORLD.

OIL & GAS SECTOR STATE-OWNED - MYANMAR OIL AND GAS ENTERPRISE (MOGE) OPERATING FOREIGN OIL COMPANIES -TOTAL E & P MYANMAR - CHEVRON TEXACO - CNPC - SINOPEC - CNOOC - PETRONAS CARIGALI - PTT E & P INTERNATIONAL - DAEWOO E & P INTERNATIONAL - NIPPON OIL - ONGC VIDESH - GAIL - KOGAS

OIL AND GAS RESOURCES

OIL & GAS OCCURRENCESONSHORE OIL PRODUCTION

- 3 MAJOR OIL FIELDS

- A FEW OTHER LESSER OIL FIELDS

ONSHORE CRUDE OIL PRODUCTION & FORECAST (NO NEW DISCOVERY)

ONSHORE NATURAL GAS PRODUCTION & FORECAST (NO NEW DISCOVERY)

OIL & GAS OCCURRENCES

PRODUCING GAS FIELDS, OFFSHORE

YADANA GAS FIELD:

YETAGUN GAS FIELD:

SHWE GAS FIELD:

ZAWTIKA GAS FIELD:

NEW GAS DISCOVERIES:

AUNGTHEINKHA DISCOVERY IN BLOCK M-3

PYITHAR DISCOVERY IN BLOCK A-6

CURRENT E & P OPPORTUNITIES18 ONSHORE BLOCKS FOR PETROLEUM E

& P ON

PRODUCTION SHARING BASIS AND IPR BASIS

31 OFFSHORE BLOCKS FOR PETROLEUM E & P ON

PRODUCTION SHARING BASIS

MAP SHOWING PETROLEUM E & P BLOCKS IN MYANMAR

DOING PETROLEUM E & P BUSINESS IN MYANMARCONTRACTS ARE ON PSC BASIS MODELLED AFTER INDONESIAN & MALAYSIAN PSCs.

MYANMAR OIL AND GAS ENTERPRISE (MOGE) MAY HAVE

SIGNED MORE THAN 100 PSC CONTRACTS IN THE PAST

SEVERAL YEARS WITH OIL COMPANIES FROM ALL OVER

THE WORLD.

DOING PETROLEUM E & P BUSINESS IN MYANMARCONTRACTS ARE GOOD, PEOPLE ARE GOOD AND WORKING

ATMOSPHERE IS GOOD.

THERE IS IN PLACE A NEW FOREIGN INVESTMENT LAW (FIL)

WHICH IS INVESTOR FRIENDLY.

MYANMAR IS SOON TO BECOME A MEMBER OF THE

INTERNATIONAL EXTRACTIVE INDUSTRY TRANSPARENCY

INITIATIVE (EITI).

FOR FURTHER ENQUIRIES: U PE ZIN TUN DIRECTOR GENERAL ENERGY PLANNING DEPARTMENT MINISTRY OF ENERGY OFFICE BUILDING: NO. (6), NAY PYI TAW, MYANMAR TEL. : 95-67-411099/411157 FAX : 95-67-411113 EMAIL :

myanmoe@mpt.mail.net.mm

ELECTRICITY SECTORMYANMAR ELECTRIC POWER ENTERPRISE

( MEPE )

- STATE OWNED

IPPs

PPPs

JVs ARE IN THE OFFING.

CURRENT FACILITIES IN MYANMAR’S ELECTRICITY SECTORHYDROELECTRICITY 2660.34 MW

(INSTALLED)COAL 120.00 MWNATURAL GAS 549.90 MWSTEAM 165.00 MWDIESEL 63.02 MWBIOMASS 3.72 MW-------------------------------------------------------------- TOTAL INSTALLED 3561.98

MW

CURRENT OPPORTUNITIES IN ELECTRICITY SECTOR MYANMAR NEEDS TO IMPROVE

ELECTRICITY SUPPLY SITUATION FROM CURRENT INSTALLED CAPACITY OF 3.5 GW TO FIVE TIMES OF THE PRESENT CAPACITY TO ACHIEVE 75% ELECTRIFICATION RATE FROM CURRENT 26%.

- PRESIDENT U THEIN SEIN (JUNE, 2012)MINISTRY OF ELECTRIC POWER IS

PLANNING TO ADD INSTALLED CAPACITY BY 10,000 MW IN NEXT TEN YEAR BY 2023.

ADDITIONAL CAPACITY WOULD INCLUDE 40% OF HYDROELECTRICITY, 30% EACH OF NATURAL GAS AND WIND ENERGY.

MYANMAR AND THAILAND IN ENERGY SECTOR(2012) MYANMAR THAILAND

ELECTRIFICATION RATE 26% 99.4%

PER CAPITA CONSUMPTION 104 KWh 2045 KWh

INSTALLED CAPACITY 3.5 GW 32 GW

POPULATION 60 MILLION 67 MILLION

MOTOR CAR POPULATION 30 MILLION ~1.0 MILLION

BOE CONSUMPTION PER DAY 0.06 MILLION 1.6 MILLION

PER CAPITA OIL CONSUMPTION 15.33 GALLONS 366.1 GAL.

MYANMAR’S HYDROPOWER POTENTIAL & OPPORTUNITIESACCORDING TO A 1995 WORLD BANK’S

STUDY, MYANMAR HAS A POTENTIAL OF 108,000 MW INSTALLED HYDROPOWER CAPACITY.

MYANMAR ELECTRIC POWER ENTERPRISE (MEPE) HAVE COMPLETED RELEVANT INVESTIGATIONS IN SOME 92 SITES WITH A TOTAL INSTALLED CAPACITY OF 46,000 MW.

MEPE HAVE EXPLOITED ONLY 2,660 MW OF THE INVESTIGATED HYDROPOWER.

MYANMAR’S HYDROPOWER POTENTIAL AND OPPORTUNITIES

COUNTRY

NUCLEAR (MW)

THERMAL (MW)

HYDRO (MW)

GAS (MW)

OTHERS (MW)

CHINA 6,001 103,000 72,000 - 1,900

VIETNAM

- 4,266 9,392 6,139 225

THAILAND

- 4,600 3,171 21,812 -

LAOS - - 1,972 - -

MYANMAR

- 120

2,660 715 66.7

MYANMAR NEEDS TO IMPROVE ITS OWN ENERGY INFRASTRUCURE TO MEET THE ENERGY REQUIREMENT OF ITS ECONOMIC DEVELOPMENT PROGRAMS.

MYANMAR NEEDS TO DEVELOP AND EXPLOIT ITS NATURAL RESOURCES TO BUILD UP STRONG ECONOMIC BASE FOR THE COUNTRY.

MYANMAR IS THE LAST FRONTIER IN THE REGION FOR ITS NATURAL RESOURCES ENDOWMENT TO BECOME A POTENTIAL ENERGY SUPPLIER COUNTRY IN THE REGION.

FOR FURTHER ENQUIRIES: U KHIN MAUNG ZAW DIRECTOR GENERAL DEPARTMENT OF ELECTRIC POWER MINISTRY OF ELECTRIC POWER OFFICE BUILDING : NO. (27), NAY PYI TAW, MYANMAR TEL. : 95-67-410203 FAX : 95-67-410219 EMAIL : moepdg@mepe.gov.mm

MINERAL SECTOR

MYANMAR IS PROMOTING OPTIMAL UTILIZATION

OF HER VALUABLE MINERAL RESOURCES FOR ITS

PRODUCTION OF REFINED PRODUCTS,THROUGH

THE CONTRIBUTION OF FOREIGN INVESTMENT WITH

ADVANCED TECHNOLOGIES.

OPPORTUNITIES IN MINERAL SECTORMYANMAR IS RICH IN - METALLIC ORE MINERAL RESOURCES,

- INDUSTRIAL MINERAL & NON-METALLIC RAW

MATERIAL RESOURCES ,

- PRECIOUS & SEMI-PRECIOUS GEMSTONES AND

- FUEL MINERAL RESOURCES.

NOTABLE MINING PROJECTS:MONYWA COPPER MINE - NORINCO OF CHINA SIGNED AN AGREEMENT

TO RESUME DEVELOPMENT OF THE MONYWA COPPER MINE IN JUNE 2010.

- COST OF EXPANSION PROJECT ESTIMATED TO BE US $ 1 BILLION.

• TAGAUNGTAUNG NICKEL PROJECT -TISCO OF CHINA AND CNMC OF CHINA

SIGNED AN AGREEMENT IN JULY 2010, WITH MINISTRY OF MINES OF MYANMAR TO JOINTLY DEVELOP THE PROJECT.

THE PROJECT IS TO OPERATE FOR 20 YEARS STARTING LATE 2011, AT AN ESTIMATED COST OF US$800 MILLION.

OPPORTUNITIES IN MINERAL SECTORMYANMAR IS INVITING

- 100% FDI AND

- JOINT VENTURE WITH LOCAL MINING

COMPANIES ON PRODUCTION SHARING BASIS.

FOR FURTHER ENQUIRIES: U WIN HTEIN DIRECTOR GENERAL DEPARTMENT OF MINES MINISTRY OF MINES OFFICE BUILDING : NO.(19), NAY PYI TAW, MYANMAR TEL. : 95-67-409017 FAX : 95-67-409376 EMAIL : deptmine@gmail.com

THANK YOU VERY MUCH

FOR YOUR ATTENTION!! FOR FURTHER ENQUIRIES:

EMAIL: soemyint108@gmail.com