Woodside discovers gas offshore Myanmar

1/4/2016

PERTH, Australia -- Woodside's Shwe Yee Htun-1 exploration well, in Block A-6 in the Rakhine basin, 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.

The well reached the planned original total depth (TD) of 4,810 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 5,306 m.

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

Shwe Yee Htun-1 targeted one of many identified channel complexes that run over a large anticlinal feature, the Saung Anticline.

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

“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.”

With a 40% interest in A-6, Woodside Energy (Myanmar) Pte Ltd. is the joint operator with MPRL E&P Pte Ltd. (MPRL E&P) (20% interest). MPRL E&P is operator with respect to government liaison, and Woodside is the operator with respect to all other operations, including drilling. Total E&P Myanmar holds a 40%, non-operated interest.

Woodside has interests in six blocks in the Rakhine basin. The six permits make up 46,000 km2 and represent 20% of Woodside’s global exploration acreage.

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