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Australian Firm Seeks to Reassure Locals on Gas Drilling off Rakhine

YANGON—Australian energy giant Woodside is stepping into war-torn Rakhine State with a plan to begin drilling in two oil-and-gas blocks in the Bay of Bengal. This week the company sought to reassure residents in southern Rakhine State’s Kyaukphyu that there was a need for the projects, citing the potential economic benefits and pledging to minimize […]

Woodside promises to reduce marine impact from gas production

Australia’s Woodside Petroleum will raise attempts to protect the Myanmar environment even as it mulls the commercial viability of developing gas reserves in Block A6 , which is off the coast of Rakhine. “We are trying balance between [gas] development and environmental protection,” said Daniel Clery, Myanmar country manager at Woodside, which has a 40 […]

Myanmar urged to address electricity loss

Myanmar’s electricity authorities need to pay more attention to transmission line maintenance to reduce frequent blackouts, experts said last week. “Technical losses need to be urgently addressed and 100-per- cent electrification is crucial to the nation’s growth,” said Andrew Lee, manager of General Electric Myanmar. Electricity would help Myanmar move forward, but frequent blackouts due […]

Woodside Reports Higher Contingent Resource from 2 Myanmar Discoveries

Australia’s Woodside Petroleum Ltd. reported Friday an increase in its best estimate contingent resource (2C) by 83 million barrels of oil equivalent (MMboe) to 4,481 MMboe following the announcement of two gas discoveries offshore Myanmar in first quarter 2016 (1Q 2016). Woodside announced the discovery of 105 foot (32 meter) net gas pay (increased from […]

Woodside report natural gas reserves increase for Myanmar

PERTH, Australia, May 20 (UPI) — Australian energy company Woodside said it raised its reserve estimate for natural gas offshore Myanmar at a time when sanctions pressures are easing. Woodside said it increased its best estimate of the contingent reserve potential offshore Myanmar by 83 million barrels of oil equivalent following the technical evaluation of […]

Can Myanmar’s Natural Gas riches reel in serious investment?

After five decades of oil and gas exploration stagnation and mismanagement of natural resources under military rule, Myanmar (formerly Burma) in March elected its first non-military president since the 1962 coup, and if it all plays out right, it could open the floodgates for investment in this strategically vital oil and gas venue. On 15 […]

Can This Frontier Venue For NatGas Reel In Serious Investment?

After five decades of oil and gas exploration stagnation and mismanagement of natural resources under military rule, Myanmar (formerly Burma) in March elected its first non-military president since the 1962 coup, and if it all plays out right, it could open the floodgates for investment in this strategically vital oil and gas venue. On 15 […]

Woodside in second gas discovery offshore Myanmar

Block AD-7 is in the Bay of Bengal, approximately 100 km off the west coast of Myanmar. Water depth at the Thalin-1A well location is 836 m. The well reached a total depth of 3,034 m, referenced from the rig rotary table. Following drilling, wireline logging was conducted and confirmed the presence of a gas […]

Woodside scores drilling success with gas find off Myanmar

Woodside Petroleum looks well placed to capitalise on its early entry into the exploration hotspot of Myanmar, reporting what chief executive Peter Coleman called an “encouraging” gas discovery at its first well. The find at the Shwe Yee Htun-1 exploration well appears of relatively modest size, at 15 metres of “net gas pay”, but it […]

Shell offshore survey to begin next month

The Anglo-Dutch firm and its Japanese partner Mitsui Oil Exploration signed production sharing contracts with Myanmar in February for blocks AD-9 and AD-11 in the Rakhine basin, and MD-5 in Tanintharyi basin. The firms won the blocks as part of the 2013 offshore bidding round, which saw 20 blocks won by several international companies. Graeme […]