OFFSHORE OIL AND GAS OPERATIONS EIA WORKSHOP

NAYPYITAW, JULY 2016

AUGUST 2014 OFFSHORE EIA WORKSHOP

• Shared understanding between titleholders and regulators on seismic phase of offshore exploration in Myanmar. Titleholders demonstrated:

• short-term, transient nature of offshore seismic activities and limited environmental and social impacts

• prior experience of managing limited impacts on marine environments and fishing activity

• commitment to stakeholder engagement including community consultation and disclosure

• Update on emerging Environmental Impact Assessment (EIA) framework and draft EIA procedures, and how they would apply to seismic phase. Titleholders requested:

• EIA procedures are aligned with recognised current international standards and industry best practice

• EIA procedures recognise the phased nature of offshore activities, with scale and impact potentially increasing from the early exploration phase through to appraisal, development and production

• Regulatory certainty required

• Productive discussion that provided guidance ahead of 2015 / 2016 exploration activities

OFFSHORE ACTIVITIES SINCE AUGUST 2014

POSCO Daewoo/

Woodside: 3D seismic

survey

POSCO Daewoo / Woodside

exploration well

Statoil: 2D seismic survey

Shell: 3D seismic survey

BG: 3D seismic survey

CNPC: exploration

well

Ophir: 3D seismic

survey

Berlanga: 3D seismic

survey

Chevron: 3D seismic

survey

Woodside: exploration

well

Woodside: 3D seismic

survey

Woodside: 2D seismic

survey

Total: 2D seismic survey

ENI: 2D seismic survey

Shell: 3D seismic survey

ShweProject

YetagunProject

YadanaProject

ZawtikaProject

*Not all operator activities included. * Operators only are named.

ShweProject

YadanaProject

ZawtikaProject

YetagunProject

Woodside: exploration & appraisal

wells

CNPC: exploration

well

*Subject to joint venture/government approvals.*Not all operator activities included*Operators only are named

Ophir: exploration

well

Woodside: exploration & appraisal

wells

Total: development

wells

Total: exploration

well

Berlanga: exploration

wells

POSSIBLE OFFSHORE ACTIVITIES 2016-2018

Important Notice: The information in this presentation is based on publicly available information and is subject to change. Undue reliance should not be placed on the information in this presentation. No representation is made or will be made that any of the possible activities described above will be achieved. We do not undertake to update or revise any of the information in this presentation, whether as a result of new information, future events or otherwise.

EIA PROCESSES: KEY LEARNINGS

Recognise the significant progress made by MOGE / MOEE / MIC / MONREC / ECD in the development and application of new regime

• Risk-based approach to assessments that drives international best practice, but recognises:

• temporary nature of offshore exploration activities

• priority areas for government

• proportionate approach to community engagement to avoid stakeholder fatigue

• Streamlined procedural approach:

• intra-government submission approach lacks timing and process certainty

• clarity needed regarding feedback requirements at various stages of assessment

• Regulatory approach that has process, timing and content certainty

• timely conclusion of assessment and approval (Environment Compliance Certificate (ECC)) processes

• awarding of ECCs to approved assessments