Australian energy company Woodside is gearing up for an aggressive drilling campaign offshore Myanmar.
Namely, the company is moving to accelerate commerciality of its recent gas discoveries made off the shores of Myanmar.
Woodside has discovered 32 meters of net gas pay in the Myanmar Block A-6 Shwe Yee Htun-1 exploration well and 62 meters net gas pay in the Block AD-7 Thalin-1A exploration well. The discoveries increased Woodside’s contingent resource (2C) by 83 MMboe.
The company then acquired more than 31,500 km2 high quality 3D seismic data in Myanmar, to boost its portfolio of drillable prospects.
According to Woodside’s first half 2016 report released on Friday, at least four wells will be drilled in the four licenses Woodside holds ownership in.
“Processing of the new seismic data is continuing. Seabed coring operations in Blocks A-7 and A-4 were also completed. The high quality seismic data supports our strategy to grow and build a portfolio of material multi-Tcf drillable prospects,” Woodside said.
The company has progressed planning for a 2017 exploration and appraisal drilling program, to speed up options for commercialisation of the gas discoveries.
“Analysis of the exploratory well data confirms the development potential of both discoveries. Planning continues for a minimum of two firm appraisal and two firm exploration wells in 2017,” Woodside said.
Offshore Energy Today Staff