Offshore gas discovery for Woodside Petroleum, as the Australian based company’s latest exploration well proves reserves offshore Myanmar.
The gas discovery was announced Friday, with Woodside saying: “These results are very encouraging for future exploration and appraisal activity, given the significant footprint we have in Myanmar,”
Offshore Gas Discovery For Woodside
The discovery was made at Woodside’s Thalin-1A exploration well block AD-7, located in the Rakhine Basin, approximately 62 miles (100km) offshore west Myanmar.
The well was drilled to a total depth of 9,954 feet (3,034m) and encountered a gross gas column of approximately 210 feet (64m).
Woodside stated that the presence of a gas column was confirmed, through pressure measurements and gas sampling, by an independent wireline logging team.
Woodside Petroleum Myanmar Map
Woodside Petroleum Myanmar
The latest gas discovery is the second offshore Myanmar for Woodside who initially made a discovery, on 4th January 2016, at the Shwe Yee Htun-1 well in Block A-6.
Woodside CEO, Peter Coleman, said: “These results are very encouraging for future exploration and appraisal activity, given the significant footprint we have in Myanmar,”
“These discoveries provide evidence of the high quality of offshore Myanmar as an exploration focus area,”
Mr Coleman said Thalin-1A had successfully proved a working petroleum system and a new play type different to that encountered at Shwe Yee Htun-1.
The AD-7 prospect is a joint venture between Woodside Petroleum, 40%; and Daewoo International Corporation, 60%.
Woodside act as operators of all deepwater drilling operations, whilst Daewoo act as operator for all other operations.
Offshore Gas Myanmar
Myanmar’s vastly underexploited offshore oil and gas industry now looks to be in full swing, as international sanctions and embargoes are lifted on the South East Asian sate.
Explorers have been making some good commercially viable discoveries over the last 12 months- with Woodside banking its international business on it.
Currently, Woodside holds the largest average within Myanmar’s Rakhine basin totalling around, 47,000 km2 (18,147m2)and, 20% of the Australian firm’s international exploration acreage.