Chevron is not about to simply walk away from its upstream assets in Myanmar — the US supermajor would rather sell them as it believes this would provide greater control over the future operatorship of the producing giant Yadana offshore gas field and related pipeline infrastructure.

Current Yadana and MCTC operator TotalEnergies in late January announced it would be pulling out within the next six months, meaning its 31.2% stake would be distributed pro rata among the other partners — Chevron, Thailand’s PTTEP and state-owned Myanma Oil & Gas Enterprise (MOGE).