Woodside Petroleum discovers natural gas off Myanmar coast

Arifa
By January 7, 2016 12:23

Woodside Petroleum discovers natural gas off Myanmar coast

Woodside Petroleum Ltd. has discovered natural gas off the coast of Myanmar, Bloomberg reported on 4 January.

Woodside, Australia’s second-largest oil producer, will carry out more analysis of the discovery at the Shwe Yee Htun-1 exploration well in the Arakan (Rakhine) Basin off Myanmar’s west coast. The well encountered about 15 meters (49 feet) of so-called net gas pay.

Woodside has a 40 percent stake in the venture, while Total holds 40 percent and Myanmar-based MPRL E&P Pte Ltd., the only independent E&P company led by Myanmar nationals operating both onshore and offshore around Myanmar, owns 20 percent.

Source: Mizzima

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Arifa
By January 7, 2016 12:23

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