Woodside to appraise offshore Myanmar gas discoveries

Offshore staff

PERTH, AustraliaWoodside Energy has increased its evaluation of its contingent resources following its two recent gas discoveries in the Rakhine basin offshore Myanmar.

The company says it discovered 32 m (105 ft) of net gas pay via the block A-6 Shwe Yee Htun-1 exploration well and 62 m (203 ft) net gas pay in the block AD-7 Thalin-1A well.

Both figures are higher than those reported earlier, and are based on evaluation of subsurface data and wireline logging results from the two wells.

Woodside CEO Peter Coleman said the company plans a further four-seven appraisal and exploration wells starting in 1Q 2017.

“The logical development option for the Thalin-1A discovery is a tieback to the nearby Shwe field,” Coleman said. “Our strategy is to fully appraise the discovery in one campaign, thereby facilitating concept select in 2017.”

Woodside’s 2C estimate is 1.51 tcf of dry recoverable gross gas.

Shwe Yee Htun-1 has tieback and standalone development options. “We recognize additional exploration potential in areas immediately adjacent to the discovery and will target these to ensure any development concept is commensurate with the full block potential,” Coleman added.

Woodside now estimates Shwe Yee Htun field contingent resource (2C) at 895 bcf of dry recoverable gas. This could theoretically be exported to the Yadana gas processing facility.

Appraisal drilling and testing program, also planned for 2017, will be designed to acquire additional volumetric and reservoir data.

05/23/2016

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Offshore Myanmar
(Map courtesy Woodside)

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