Woodside strikes gas for the third time in Myanmar

8/7/2017

PERTH -- Woodside has advised that the Pyi Thit-1 exploration well in Block A-6 in the Southern Rakhine basin, located offshore Myanmar, has intersected a gross gas column of approximately 65 m. A net gas pay interval of approximately 36 m has been interpreted within the primary target sandstone reservoir.

Woodside CEO Peter Coleman said the Pyi Thit-1 discovery was another success in an underexplored region.

“This result builds on our understanding of the potential resources in the Southern Rakhine basin and will further inform our consideration of development options,” he said.

The Pyi Thit-1 well was spudded on June 10 and drilled to a TD of 4,570 m. Following drilling, wireline logging was conducted and confirmed the presence of a gas column through pressure measurements and gas sampling.

A drill stem test was subsequently performed across a 29-m section of the reservoir and flowed at ~50 MMscfd on a 44/64-in. choke over 44 hr with strong reservoir pressure support.

The gas discovery at Pyi Thit-1 follows previous finds made by Woodside at the Shwe Yee Htun-1 well in Block A-6, announced on January 4, 2016, and the Thalin-1A well in Block AD-7, announced on Feb. 12, 2016.

Woodside Energy (Myanmar) Pte Ltd holds a 40% stake in Block A-6 and is the joint operator of the block and operator of the Pyi Thit-1 well. MPRL E&P Pte Ltd, with a 20% interest, is joint operator of Block A-6. Total E&P Myanmar holds the remaining 40% interest in the block.

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