Australian oil and gas company Woodside’s Pyi Thit-1 exploration well drilled in Block A-6 in the Southern Rakhine Basin has intersected a gross gas column of approximately 65m.

The latest development marks the company’s third gas discovery offshore Myanmar.

A net gas pay interval of nearly 36m has also been interpreted within the primary target sandstone reservoir.

Woodside CEO Peter Coleman said: “This result builds on our understanding of the potential resources in the Southern Rakhine Basin and will further inform our consideration of development options.”

The Woodside-operated Pyi Thit-1 well was drilled to a total depth of 4,570m, following which the company conducted wireline logging and confirmed the presence of a gas column by taking pressure measurements and gas sampling.

"This result builds on our understanding of the potential resources in the Southern Rakhine Basin and will further inform our consideration of development options."

A drill stem test was carried out across a 29m section of the reservoir and flowed at nearly 50mmscfd on a 44in / 64in choke for 44 hours indicating strong reservoir pressure support.

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Woodside Energy (Myanmar) owns 40% stake in Block A-6 and is its joint operator.

MPRL E&P is also the joint operator of Block A-6 with a 20% interest and the remaining 40% interest is held by Total E&P Myanmar.

The latest gas discovery at Pyi Thit-1 follows two previous discoveries made by Woodside last year.

The Shwe Yee Htun-1 well also located in Block A-6 was announced on 4 January, while the Thalin-1A well situated in Block AD-7 was announced on 12 February last year.