Woodside strikes gas off Myanmar

Australian LNG player Woodside said Monday it has made a natural gas discovery 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, has intersected a gross gas column of approximately 129 m. Approximately 15 m of net gas pay is interpreted within the primary target interval, according to a statement released by Woodside.

The well reached the planned original total depth (TD) of 4810 m, referenced from the rig rotary table. Following drilling, wireline logging was conducted and confirmed the presence of a gas column through pressure measurements and gas sampling. The well was subsequently deepened to a final TD of 5306 m.

Woodside CEO Peter Coleman said in the statement 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.

According to Coleman, this discovery is an “encouraging outcome” for future exploration and appraisal activity in the area.

With a 40% interest in A-6, Woodside Energy (Myanmar) is the joint operator with MPRL E&P (20% 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%, non-operated interest.