Shell to explore in deepwater offshore Myanmar
THE HAGUE, Netherlands -- Shell and its partner Mitsui Oil Exploration Co. (MOECO) have signed exploration and production sharing contracts with Myanma Oil and Gas Enterprise of Myanmar for three deepwater blocks.
Shell will use leading deepwater exploration technologies, including advanced tools for acquiring, processing and interpreting seismic and other geophysical data. This will improve understanding of the potential resources.
Graeme Smith, V.P. Exploration - Asia and Australia at Royal Dutch Shell, said, “The three blocks offer an exciting frontier exploration opportunity to apply the advanced deepwater technical capabilities we have built up around the world over the past three decades. I am delighted that we have the opportunity to explore and we look forward to helping meet Myanmar’s aspiration to unlock and develop its energy resources.”
Under the agreements, Shell will assess the potential of deepwater blocks AD-9 and AD-11 (Rakhine basin) and MD-5 (Thanintharyi basin).
The three blocks together cover some 21,000 km2. They are located approximately 300 km offshore in water depths ranging from 1,800 m to 2,700 m.
Shell is the operator and has a 90% interest in the three contracts with MOECO holding the remaining 10%.
