Woodside Finds More Gas off Myanmar

Australian independent Woodside said August 7 it has made its third gas discovery offshore Myanmar (Burma).

Its Pyi  Thit-1 exploration well in block  A-6 in the Southern Rakhine basin intersected a gross gas column of some 65 metres.

The well  was  spudded on June 10 and drilled to a total  depth of  4,570 metres.  A net gas pay interval of some 36  metres has been interpreted within the primary target sandstone reservoir.

Woodside CEO Peter Coleman said the result builds the understanding  of  the  potential  resources  in  the  Southern  Rakhine basin  and will  further inform  Woodside's consideration  of  development  options. 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 in January  2016,  and  the  Thalin-1A  well  in  Block  AD-7, announced February  2016.

Woodside holds a 40% stake in block A-6 and is the joint operator of the block and operator of the Pyi Thit-1  well.

Myanmar-based independent MPRL, with a 20% stake, is joint operator of block A-6.  France's Total holds  the remaining 40% interest in the block.

Woodside interests offshore Myanmar (Map credit: Woodside)

Shardul Sharma