Biggest Natural Gas Discovery Of 2016 Just Got Bigger

February 2016, Vol. 243, No. 2

International natural gas is shaping up as one of 2016’s most interesting spots in energy, given that prices in many world markets are still running high, even as valuations for E&Ps subside. And one of those markets is in Southeast Asia — where the year’s most interesting natural gas drilling discovery just got a whole lot more substantial.
That’s in the offshore of Myanmar. Where Australian petro-major Woodside Energy said late last week it has hit on a second consecutive well in this virgin territory — with the results looking even better than the initial discovery well.

Woodside announced last week that its Thalin-1A exploration well in Block AD-7 in the Rakhine Basin intersected a gross gas column of 64 meters — showing a significant thickness of target horizon here.

The bigger number however, was the net pay (the thickness of strata within a target zone that actually contains natural gas) which came in at 62 meters — more than quadruple the 15 meters of net pay that Woodside found in its initial Shwe Yee Htun-1 exploration well.

That shows the reservoir quality in the Myanmar offshore play may be better than initially suspected. And here’s the most important thing about this new drilling: Woodside’s latest well is a full 375 km away from the initial drill site. Suggesting huge potential for the productive basin here.

The Thalin-1A well (see map) is at the very north end of Woodside’s acreage in the Myanmar offshore (dark blue blocks). Whereas the original Shwe Yee Htun-1 well was located near the southern edge of the project area.

Written by Dave Forest, Oilprice.com

 

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