Woodside’s Shwe Yee Htun-1 exploration well in Block A-6 in the Rakhine Basin, located in the western offshore area of Myanmar, has intersected a gross gas column of approximately 129 m, the company said. Approximately 15 m of net gas pay is interpreted within the primary target interval.
The well reached the planned original total depth (TD) of 4810 m, referenced from the rig rotary table. Following drilling, wireline logging was conducted and confirmed the presence of a gas column through pressure measurements and gas sampling.
The well was subsequently deepened to a final TD of 5306 m.
The well was spudded on 27 November, reached its original target on 23 December and wireline logging concluded on 29 December.
Shwe Yee Htun-1, in Block A-6, targeted one of many identified channel complexes that run over a large anticlinal feature, the Saung Anticline.
Woodside CEO Peter Coleman said he was pleased by the successful evaluation of the prospect, which provided evidence of a working petroleum system in the Rakhine Basin deep water.
“Further analysis will be undertaken to understand the full potential of the play, but this de-risks a number of leads which will now be matured,” Coleman said. “This discovery is an encouraging outcome for future exploration and appraisal activity in the area.”
With a 40 per cent interest in A-6, Woodside Energy (Myanmar) Pte Ltd (Woodside Myanmar) is the joint operator with MPRL E&P Pte Ltd (MPRL E&P) (20 per cent interest). MPRL E&P is operator with respect to government liaison and Woodside Myanmar is the operator with respect to all other operations, including drilling. Total E&P Myanmar holds a 40 per cent, non-operated interest.
Woodside has interests in six blocks in the Rakhine Basin (details overleaf). The six permits make up 46,000 sq km and represent 20 per cent of Woodside’s global exploration acreage.
Recommended Reading
Baker Hughes Wins Contracts for Woodside’s Louisiana LNG Project
2024-12-30 - Bechtel has ordered gas technology equipment from Baker Hughes for the first phase of Woodside Energy Group’s Louisiana LNG development.
New Fortress Makes Headway on $2.7B Debt Refinancing
2024-11-26 - New Fortress Energy Inc. anticipates raising approximately $325 million in gross proceeds through the refinancing.
Exxon Slips After Flagging Weak 4Q Earnings on Refining Squeeze
2025-01-08 - Exxon Mobil shares fell nearly 2% in early trading on Jan. 8 after the top U.S. oil producer warned of a decline in refining profits in the fourth quarter and weak returns across its operations.
Exclusive: Why Family Offices Favor ‘Lower-Risk’ Oil, Gas Investments
2024-11-22 - Evan Smith, Stephens’ senior vice president for investment banking, describes growth in the company’s network of family offices, specifically those investing in the energy sector, in this Hart Energy Exclusive interview.
Utica Oil E&P Infinity Natural Resources’ IPO Gains 7 More Bankers
2024-11-27 - Infinity Natural Resources’ IPO is expected to provide a first-look at the public market’s valuation of the Utica oil play.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.