Woodside to Reduce Presence in Myanmar
Australian explorer Woodside on February 27 said it is reducing its presence in Myanmar in response to human rights violations by the military.
“Woodside condemns human rights violations. Reports of violence against the Myanmar people participating in peaceful protests are deeply distressing,” it said. “We are reducing our presence in country and expect full de-mobilisation of our offshore exploration drilling team over the coming weeks.”
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The military, Tatmadaw, carried out a coup on February 1 and arrested elected leaders including Aung San Suu Kyi. February 28 saw the most bloodshed since the coup when 18 people were fatally shot.
“We have watched with growing concern since the events of 1 February 2021. Woodside supports the people of Myanmar and we hope to see a peaceful journey to democracy,” the company said. “Until we see the outlook for Myanmar and its political stability has improved, Woodside will keep all business decisions under review.”
Woodside does not have any producing assets in Myanmar. It plans to develop offshore Block A-6 which covers approximately 10,000 km2 in water depths of up to 2,400 m. The A-6 development concept includes the drilling of up to 10 deep-water wells.