French oil giant company Total is interesting on Myanmar to do new projects there but that the company currently had no specific plans.
Total’s Chairman and CEO Christophe de Margerie said, ‘Now we will see with the reopening… there, if there is something new for Total. And then of course we will be delighted to participate with the, I would say, additional development of Myanmar and maybe giving access to gas to some neighboring countries. There is no precise, let’s say, projects which we have in mind, and the reason for my visit is not to come and discuss new projects, but just to come back after a long period of time. And then we will see what we can do.’
Total has been in Myanmar since 1992 before international sanctions against the military junta were ratcheted up and operates the offshore Yadana gas field that fuels power plants in Thailand.
De Margerie added Total was exploring potential for future drilling in Africa, and in the Asian countries of Brunei, Indonesia, Malaysia, Philippines and “maybe one day Myanmar.”