The upstream oil and gas sector may, it seems fair
to say, get hit with a significant increase in terms
of the cost of the support services needed for the
exploration of hydrocarbons. Geo-physical
services, drilling services and most other types of
oilfield services will, if they are rendered in
Myanmar, be subject to the 5% CT impost except
if they are excluded from CT. The “hiring out of
labor”, “cargo transportation” and “technical
consulting services” seem to be the only
categories of the exclusion which might apply to
certain oilfield services.