Singapore‘s MOSB Limited -Myanmar Offshore Supply Base, has been granted authorization to set up an oil and gas supply base, becoming the first overseas company to do so in the Mon State of Myanmar.

Myanmar has welcomed this project with great energy and enthusiasm as it gets approved and endorsed by the Myanmar Investment Commission (MIC) and the Ministry of Electricity and Energy.

With this arrangement, the oil and gas industry in Myanmar is expected to boom and impact the communities around by furnishing employment opportunities as well as aid in providing infrastructure, health and education facilities. Also, the travel time shall get substantially reduced, thereby, enhancing efficiency and productivity.

The Executive Chairman of MOSB, Mr. Leonard Oh, stated, “The planned offshore supply base would reduce the traveling time for oil and gas companies with Myanmar operations, who would otherwise have to travel to Singapore or Thailand.”

Contributing to the growth and expansion of Myanmar’s economy, MOSB’s efforts and commitment to boosting business shall involve its investment in refining the expansive and widespread infrastructure, transportation and the associated telecommunications.

U Zaw Min Oo, Village Head of Waeka Li Village, Mon State believes, “This will support the local communities by creating a lot of job opportunities, and will most definitely improve our standard of living in many different ways.”

The joint venture between Two Fish Supply Base Limited of Myanmar and 2 Fish (SG) Pte Ltd of Singapore is represented by the MOSB company, engaged in abetting the growth plans of Myanmar.