Offshore project sanctions in Southeast Asia could lift greenfield investments in the oilfield services market by nearly 70 percent in 2020, according to Norwegian energy research firm Rystad Energy. That’s thanks to megaprojects in Malaysia, Myanmar and Vietnam with new final investment decisions (FIDs) expected in 2021 for Vietnam, Indonesia and Brunei. “We anticipate that […]
Deepwater Myanmar could create long-term growth
October 2, 2017 by
Deepwater E&P activity offshore Myanmar might pick up, argues Clarksons Research, which could create opportunities for vessel owners, despite a cabotage market in the country. Clarksons said that recent deepwater gas discoveries offshore Myanmar have bolstered the confidence of oil companies sufficiently for them to start planning deepwater drilling campaigns, in spite of weaker energy […]
Gas Discovered at Block A-6 Offshore Well in Southern Rakhine
August 9, 2017 by
Gas has been discovered at a deep water exploration well in Block A-6 of the Southern Rakhine Basin in the Bay of Bengal, according to government officials and statements made by operators of the block. Gas was tested to be flowing at 50 million cubic feet per day. Test drilling began at the Pyi Thit-1 […]
Woodside to Drill At Least Four Wells Off Myanmar in 2017
September 8, 2016 by
Australian energy company Woodside said it is planning to boost its drilling campaign offshore Myanmar with the potential commercial viability of recent gas finds in the area. Earlier this year, Woodside discovered 32 metres of net gas pay in the Myanmar Block A-6 Shwe Yee Htun-1 exploration well and 62 metres net gas pay in […]
Woodside Reports Higher Contingent Resource from 2 Myanmar Discoveries
May 24, 2016 by
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 […]
