Woodside
Australian oil and gas firm Woodside Petroleum Ltd said it has found gas at its second well off Myanmar, following its earlier gas discovery in January.
Woodside is currently the largest acreage holder in the offshore Rakhine basin with interests in six blocks.
The six permits make up about 47,000 square kilometre and represent 20 percent of Woodside’s global exploration acreage.
Woodside said the Thalin-1A exploration well in Block AD-7 in the Rakhine basin has intersected a gross gas column of approximately 64 metre. About 62m of net gas pay is interpreted within the primary target interval, the firm said in a statement.
Block AD-7 is located in the Bay of Bengal, approximately 100km offshore of the west coast of Myanmar. Water depth at the Thalin-1A well location is 836m.
The gas discovery at Thalin-1A follows an earlier gas discovery by Woodside at the Shwe Yee Htun-1 well in Block A-6, announced on January 4.
Woodside CEO Peter Coleman said the two discoveries at opposite ends of the Rakhine basin was a “great result for the company.”
“These results are very encouraging for future exploration and appraisal activity, given the significant footprint we have in Myanmar,” he said.
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.
“These discoveries provide evidence of the high quality of offshore Myanmar as an exploration focus area,” he said.
Thalin-1A is located in the northern part of the Rakhine Basin approximately 60km west of the Daewoo-operated producing Shwe Field, which has onshore gas plant and pipeline gas export facilities.
With a 40 percent interest in AD-7, Woodside Energy (Myanmar) Pte Ltd, is the operator with respect to deepwater drilling. Daewoo International Corporation, with a 60 percent interest, is operator for all other operations.
The AD-7 Block’s area was recently expanded north to the Myanmar maritime boundary. The AD-7 Joint Venture has approved the acquisition of an additional 1200 square kilometre of 3D seismic data over this area. The seismic survey is scheduled to commence in March and will facilitate further evaluation and expansion of the prospect portfolio, Woodside said.
From: Myanmar Business Today