Woodside Strike Gas Offshore Myanmar

Woodside on Monday said it has intersected gas offshore Myanmar.

The Shwe Yee Htun-1 exploration well in Block A-6 in the Rakhine Basin, located in the western offshore area of Myanmar, intersected a gross gas column of approximately 129 m, the company said adding that approximately 15 m of net gas pay is interpreted within the primary target interval.

The well was spudded on November 27, reached its original target on December 23 and wireline logging concluded on December 29.

Woodside CEO Peter Coleman said he was pleased by the successful evaluation of the prospect, which provided evidence of a working petroleum system in the Rakhine Basin deep water.

“Further analysis will be undertaken to understand the full potential of the play, but this de-risks a number of leads which will now be matured,” Coleman said. “This discovery is an encouraging outcome for future exploration and appraisal activity in the area.”

Woodside has 40 percent interest in A-6. Woodside Energy (Myanmar) Pte Ltd (Woodside Myanmar) is the joint operator with MPRL E&P Pte Ltd (MPRL E&P) (20 percent interest).

MPRL E&P is operator with respect to government liaison and Woodside Myanmar is the operator with respect to all other operations, including drilling. Total E&P Myanmar holds a 40 percent, non-operated interest.