A delegation of Scottish power, oil and gas companies are travelling to Myanmar this week to identify opportunities within the country's "final frontier".
Large firms such as Wood Group, ASCO, Aggreko and Bibby Offshore will be led by Scottish Enterprise Chief Executive Lena Wilson as they seek to tap into "trade, investment and collaboration" opportunities within the market.
Myanmar has vast underdeveloped oil and gas reserves in deep waters, often hailed as Asia's "final frontier", which are now available to international trade and investment following decades of military rule.
The trade mission follows a visit from a Myanmar delegation to Offshore Europe in Aberdeen last year, which visited a number of Scottish companies including Wood Group in Aberdeen and ASCO’s supply base in Peterhead.
The delegation will first meet with Myanmar's new Minister for Energy and Electricity, Mr Pe Zin Tun, as well as leading local and international oil and gas companies already active in the country to explore opportunities in the local supply chain.
Following the visit, Ms Wilson will travel to Vietnam along with some of the Scottish companies to find out potential opportunities in a more established oil and gas market.
Dr Wilson, who is also Chair of Scotland's Energy Jobs Taskforce, said: "Scotland and Myanmar have strong historic connections going right back to the 19th century when Scottish owned Burmah Oil Company became the first company to drill for oil in the country in 1886.
"Myanmar now stands at exciting phase of its own oil and gas development – much like Aberdeen did in the 1970s - with huge natural resources to capitalise on but to grow its local industry, it will need access to technology, skills and expertise across the whole supply chain from seismic surveying and engineering design right through to project management, health and safety and training and education.
"These are all core strengths of Scotland's oil and gas industry built up through 50 years of experience of working in the North Sea. We have a real opportunity now to show how Scotland can help support Myanmar to build the capacity it needs while at the same time providing much needed international opportunities for our own industry."
(LM)
Time and date
CONSTRUCTION DIRECTORY
Construction News
02/06/2016
Scottish Companies To Embark On Oil And Gas Mission To Myanmar
Latest Construction News
29/11/2024
Construction has begun on the initial phase of Spaceport 1, a sub-orbital launch site in the Outer Hebrides. Local contractor, Macaulay Askernish Ltd, has been awarded a contract by Comhairle nan Eilean Siar to undertake enabling works at Scolpaig Farm in North Uist. The project, funded by a £947k ...
29/11/2024
David Smith Contractors Ltd, a local firm based in Fraserburgh, has been awarded a multi-million-pound contract to contribute to the construction of the Eastern Green Link 2 (EGL2) project. The company will undertake civil engineering works at the converter station site near Boddam, Peterhead. ...
29/11/2024
Scotland has unveiled a new plan to become a leading exporter of renewable hydrogen by 2030. The plan, titled 'A Trading Nation: Realising Scotland's Hydrogen Potential – A Plan for Exports', outlines specific actions needed to achieve this goal. The Scottish Government aims to capitalize on the ...
29/11/2024
First Minister John Swinney has welcomed the progress being made in the construction of the new Perth High School during a recent site visit. The new three-storey building, being delivered by Robertson Construction Tayside on behalf of hub East Central Scotland, will accommodate up to 1,600 pupils ...
29/11/2024
Glasgow City Council has given the green light to the sale of four land plots in the city to facilitate various development projects. The sites in question are located in Carmyle, Deaconsbank, Maryhill, and Port Dundas. The disposals are expected to generate significant capital receipts for the ...
29/11/2024
Scottish Water is set to achieve a significant milestone in its woodland creation programme, planting over 500,000 trees by the end of the current planting season in March 2025. This year, the company will plant more than 245 hectares of native woodland across various sites, including Loch ...
28/11/2024
Construction has begun on a new £33 million student accommodation development in Glasgow city centre. The project, a partnership between Artisan Real Estate and Homes for Students, will provide 321 self-contained studio apartments at 292-298 St Vincent Street. The existing office building on the ...
28/11/2024
Springfield Properties has submitted detailed plans to Midlothian Council for the first phase of its new Lingerwood development. The proposed development, located off Stobhill Road near Newtongrange, will eventually include around 1,000 homes. The first phase will comprise 63 homes, ranging from ...
28/11/2024
Scottish Land & Estates (SLE) has called on the Scottish Government to prioritise the needs of rural communities in the upcoming Scottish Budget. Dee Ward, Chair of SLE, has urged the Finance Secretary, Shona Robison, to conduct a robust rural impact assessment for all spending and taxation ...
28/11/2024
Four Scottish electrical apprentices have been praised for their performance in the prestigious SkillELECTRIC competition. John-Ross Campbell, Kalum Low, Milly Smith, and Ewan Thomas, all SETCTT apprentices, represented Scotland in the UK-wide competition, which was held at Oldham College. Milly ...