Statoil, ConocoPhillips team up for deepwater block offshore Myanmar

Offshore staff

STAVANGER, Norway – Statoil has been awarded operatorship of deepwater block AD-10 in the Bay of Bengal offshore Myanmar, in partnership with ConocoPhillips.

The 9,000-sq km (3,475-sq mi) concession is 200 km (124 mi) from the coast in water depths of around 2,000 m (6,562 ft).

“This is a large and virtually unexplored area in a basin with a proven petroleum system and thick sedimentary deposits,” said Erling Vågnes, senior vice president for Statoil’s exploration in the Eastern Hemisphere.

The partners will acquire new 2D seismic during the first 2.5-year study period, and then decide whether or not to enter a three-year exploration term.

03/26/2014

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