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January 3, 2016

Woodside Petroleum makes new gas discovery offshore Myanmar

Woodside Petroleum has made a new gas discovery at the Shwe Yee Htun-1 exploration well in Block A-6 in the Rakhine Basin, located offshore Myanmar. The drilling found a 129m gross gas column.

Offshore_Myanmar

Woodside Petroleum has made a new gas discovery at the Shwe Yee Htun-1 exploration well in Block A-6 in the Rakhine Basin, located offshore Myanmar. The drilling found a 129m gross gas column.

Woodside noted that around 15m of net gas pay is interpreted within the primary target interval.

Following drilling of the Shwe Yee well, which reached the planned original total depth (TD) of 4,810m, the company conducted wireline logging and confirmed the presence of gas through pressure measurements and gas sampling.

"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."

Woodside Petroleum CEO Peter Coleman said that the prospect 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.

"This discovery is an encouraging outcome for future exploration and appraisal activity in the area."

Woodside Energy (Myanmar) has a 40% interest in A-6 and is serving as joint-operator with MPRL E&P (20%).

Total E&P Myanmar also holds a 40% non-operated interest.

Woodside has interests in six blocks in the Rakhine Basin, which cover 46,000kmĀ² and represent 20% of the company’s global exploration acreage.


Image: The Shwe Yee Htun-1 exploration well is in Block A-6 in the Rakhine Basin. Photo: courtesy of Woodside Petroleum Ltd.

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