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Woodside makes second gas discovery off Myanmar

Woodside Petroleum news
Woodside Petroleum news

Woodside Petroleum said it has discovered gas at its second well off Myanmar on the opposite side of the offshore Rakhine Basin where it gas in January.

The company said it found the two finds “very encouraging”.

Myanmar is of key focus for Woodside and makes up a fifth of its global exploration acreage as it hunts for sources of growth amid the oil price slump.

Chief executive Peter Coleman said: “These discoveries provide evidence of the high quality of offshore Myanmar as an exploration focus area.”

The Thalin-1A well had intersected a 64 metre column of gross gas with 62 metres of net gas pay, with the well having proved there is a “working petroleum system” and a different play type
from that encountered at the Shwe Yee Htun-1 well.

The AD-7 block, where the Thalin-1A well was drilled is 60% owned by South Korea’s Daewoo International Corp , with Woodside, the operator, owning 40%.

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