Woodside Signs Second Oil, Gas Deal in Myanmar

Woodside has said that MPRL E&P Pte Ltd has accepted its offer to farm-in to block A-6 in the Rakhine Basin, located offshore Myanmar. The offer is for a 50% interest in the block.

The proposal provides the opportunity for Woodside and MRPL E&P to undertake a 3D seismic survey program in the block and also provides an option for future drilling. MPRL E&P will remain operator of Block A-6 for the current term of the exploration period.

The proposed agreement also provides Woodside and MPRL E&P with the opportunity to participate jointly in future deepwater bid rounds.

This is Woodside’s second oil and gas deal in Myanmar. In October the company announced acceptance by Daewoo International Corporation of its offer to farm-in to the Production Sharing Contract for Block AD-7, also in the Rakhine Basin.