Overall,we remain bullish on Myanmar's hydrocarbons potential. The removal of international sanctions and the government's ongoing efforts to improve the country's licensing procedures and enhance the regulatory environment are reflected in our high Country Rewards and Industry Risks ratings. The country's healthy Country Rewards score is bolstered by an increasing amount of non-state competitors and the limited state- ownership of assets in the upstream sector.Myanmar's excellent industry risks score has improved notably over the past few years. Foritsnewoffshorelicensinground,thecountryhasmadeeffortsto take into account the consequences of the mitigated onshore tender in 2011:the main challenges identified at the time were the limit on foreign ownership,a lack of transparency and the close ties between MOGE and the military junta.
展开▼
