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Woodside Petroleum signs production sharing contracts for Myanmar offshore acreage


Published Mar 23, 2015
Woodside Corporation

Woodside has signed production sharing contracts for offshore blocks AD-2, AD-5, A-4 and A-7, awarded to Woodside in the 2013 Myanmar Offshore Bid Round.

Woodside holds operated equity interests of 55% and 45% respectively in offshore blocks AD-5 and A-7, located in the southern Rakhine Basin. Non-operating interests are held by BG Exploration & Production (Myanmar) Pte Ltd (AD-5 and A-7) and Myanmar Petroleum Exploration & Production Co Ltd (A-7).

Woodside also holds non-operated interests of 45% in each of offshore blocks AD-2 and A-4, located in the northern Rakhine Basin. BG Exploration & Production (Myanmar) Pte. Ltd. is the operator of both these blocks and a non-operating interest in block A-4 is also held by Myanmar Petroleum Exploration & Production Co Ltd.

Tags: Woodside Petroleum Ltd




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