A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z

Woodside Energy

Contact Details

Woodside Energy
70/LA2 Golden Valley Road
Bahan township
Yangon
Myanmar
www.woodside.com.au

Management

NamePositionEmailPhone
Daniel CleryCountry Manager, Myanmardaniel.clery@woodside.com.au
Terry WalkerMyanmar Asset Manager
Doug RobbMyanmar Drilling Manager
Phyu Phyu Win OoMyanmar Operations Managerphyuphyu.winoo@woodside.com.au
Bruce Towiebruce.towie@woodside.com.au
Vanessa MartinGeneral Manager Commercialvanessa.martin@woodside.com.au
Tony AlmondExploration Managertony.almond@woodside.com.au

Key Information

1954
Integrated oil and gas company based in Australia, with activities in exploration, production, distribution and transportation. Interests in various blocks in Myanmar, in partnership with other E&P companies. Participated in the 2013-4 bidding rounds.
In May 2016 Woodside announced revised estimates for its offshore Myanmar gas reserves, increasing the best estimate by 83 million barrels of oil equivalent (MMboe) to 4,481MMboe.

Myanmar was to be a key area of activity for the firm in 2017.

In January 2017, Woodside said it was planning one appraisal well in each of A-6 and AD-7 in 2017, with further wells a possibility depending on internal assessments and partner agreement. In April 2017, it confirmed it was adding one more well in A-6 on the strength of its interpretation of seismic data.

In May 2017, the firm said it is awaiting approval to farm in to three offshore blocks owned by CNPC, specifically AD-1, AD-6 and AD-8. It is to take 50% of each block and be joint operator.

In October 2017, media reported the firm had finished its drilling program fro the year, also cancelling a seismic tender until 2018.

Other October reports said the firm's CEO would visit before the end of the year to personally assess the Rakhine crisis.

As of December 2017 its Myanmar best estimate contingent resources was listed as 467.5 bcf of dry gas

In April 2018, the firm confirmed plans for two offshore exploration wells in Myanmar beginning with AD-1 in May and then one in A-7, as well as one more appraisal well planned for A-6 though still subject to approval. The firm has hired a Transocean vessel for the project, with an option for an additional five wells.
Woodside Energy (Australia)

Financial Statements

(Group figures)201420152016
Revenues $7.4bn$5bn
Net profit after tax$2.4bn$26m$868m

Operations Data

AD-1
Announced in May 2017 it is awaiting approval to farm in to three offshore blocks owned by CNPC, specifically AD-1, AD-6 and AD-8. It will hold 50% of the block and joint operatorship along with CNPC, which will also hold 50% and be joint operator if various conditions are met
In August 2017, it announced it proposed to drill one well in AD-1, beginning as soon as November 2017, located 60 miles from the Myanmar coast. This did not occur.
In January 2018, MOGE announced a well would be drilled in mid-2018 in AD-1.
In April 2018, Woodside confirmed the well would be called Aung Siddhi-1 and drilled in May.
The Aung Siddhi-1 well in AD-1 intersected gas in two primary targets. The upper target intersected a 60 metre gross gas column with an intepretend 10 metres of net gas pay, and the lower target intersected a 45 metre gross gas column with an interpreted 16 meteres of net gas pay.

AD-2
45% share, with Shell (formerly BG) as operator holding 55%

AD-5
55% share, operator
Shell (formerly BG) holds 45%
It August 2017, it announced plans to undertake a drilling program in AD-5 beginning in 2018. The area to be drilled is at least 56 miles from the Myanmar coast.

AD-6
Announced in May 2017 it is awaiting approval to farm in to three offshore blocks owned by CNPC, specifically AD-1, AD-6 and AD-8. It will hold 50% of the block and joint operatorship along with CNPC, which will also hold 50% and be joint operator if various conditions are met

AD-7
Woodside has 40% share
Posco Daweoo holds 60% and is operator in most respects, though Woodside also has some operation responsibilities
Woodside farmed in in 2012
In February 2016, the firm reported the discovery of a significant gas field at its initial Thalin-1A well in the AD-7 block
In April 2017, the firm said its Thalin-1B appraisal well in Block AD-7 spudded in late February. Thalin-1B is a re-entry and side-track of Thalin-1A, and has acquired 99m (100% recovery) of core and wireline logs over the objective reservoir interval.
Tests from the lower reservoir section of Thalin-1B demonstrated sustained flow rates of about 50mmscf/d for a 50 hour flow period on a 48/64 inch choke, indicating excellent reservoir quality. Thalin-1B has a water depth of 836m and a total depth of 3,025m.
Thalin-1B is to be followed by the Thalin-2 appraisal well, also in AD-7, later in 2017. Thalin-2 has a water depth of 836m and a proposed depth of 3,020m.
The firm is also planning the Khayang Swal exploration well in AD-7 in Q3 2017, with a total depth of 3,815 metres
Khayang Swal was declared to be a dry hole in October 2017.
Posco Daewoo noted in April 2018 the firm and Woodside are still discussing drilling plans for the block.

AD-8
Announced in May 2017 it is awaiting approval to farm in to three offshore blocks owned by CNPC, specifically AD-1, AD-6 and AD-8. It will hold 50% of the block and joint operatorship along with CNPC, which will also hold 50% and be joint operator if various conditions are met

A-4
45% share
Shell (formerly BG) as operator with 45%
MPEP (part of the MPRL group of companies) has 10%

A-6
40% holding, joint operator
Other owners are Total at 40% and MPRL at 20%
Woodside farmed in in 2012
The firm announced in January 2016 that the Shwe Yee Htun 1 exploration well had intersected a gross gas column of approximately 129 metres, interpreting a net gas pay of around 15 metres within the primary target interval.
In April 2017, the firm announced it had added one more firm well to its 2017 plans, following interpretation of seismic data identifying an additional low-cost exploration target with upside potential in Block A-6. The Pyi Thit-1 well spudded in June 2017, and the Pyi Tharyar well is planned for Q3 2017.
In August 2017, Woodside claimed Pyi Thit-1 intersected a gross gas column of about 65 metres. Within the primary target sandstone reservoir, the firm interpreted a net gas pay interval of about 36 metres.
The firm also drilled the Pyi Tharyar-1 well in Q3 2017, which was sub-commercial
As of February 2018 it had no firm plans for drilling in A-6 in 2018, with plans listed as contingent on 14 February. In April, it said the well is planned for Q3 but still subject to JV / government approval.


A-7
45% share
Other owners are Total at 45% and MPEP (part of the MPRL group of companies) at 10%
Woodside is operator for deep-water drilling
In August 2017, Woodside announced plans to begin a drilling campaign in A-7 in 2018, at least 15 miles from the coast. The well is scheduled for May 2018, to be the second of its 2018 offshore campaign.
The Dhana Hlaing-1 exploration well in A-7 spudded on 26 June 2018, and was plugged and abandoned on 18 July. Assessments are ongoing, Woodside said in July.

BlockWoodside's StakePartners
A-640% (joint operator)MPRL (20%) (joint operator), Total (40%)
AD-740% (joint operator)Posco Daewoo (60%) (joint operator)
A-745% (operator)Shell (45%), MPEP (10%)
AD-555% (operator)Shell (45%)
A-445% Shell (45%) (operator), MPEP (10%)
AD-245% Shell (55%) (operator)
AD-150% (joint operator)CNPC (50%) (joint operator)
AD-650% (joint operator)CNPC (50%) (joint operator)
AD-850% (joint operator)CNPC (50%) (joint operator)