myanmar-asean ministers meeting

Unlocking the Deepwater Rakhine Basin: A Woodside PerspectiveMark Thompson | Vice President Exploration

ASEAN Energy Business Forum – Myanmar 2016

ASEAN Energy Business Forum – Myanmar 2016

Disclaimer and Important Notice

22016 ASEAN Energy Business Forum

This presentation contains forward looking statements that are subject to risk factors associated with oil and gas businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.

All references to dollars, cents or $ in this presentation are to US currency, unless otherwise stated.

References to “Woodside” may be references to Woodside Petroleum Ltd. or its applicable subsidiaries .


Woodside is an independent Australian company. We explore, develop, produce and deliver upstream oil and gas.

We are driven to remote and challenging environments; to solve complex problems and to safely and reliably deliver energy to the people who depend on us.

We have a can-do attitude and genuinely embrace diversity. We sustain our performance edge through collaborative learning, technology and innovation.

We work sustainably and have the courage to do the right thing for our people, for the environment and for the communities we touch.

We’re committed to living our values wherever we work. We’re open, honest and fair. We listen. We do what we say we will.

We have worked hard to create opportunities over the past 60 years and are ready to take our experience to the world.

Experience our Energy

We are Woodside

Woodside’s Myanmar Exploration Portfolio

A leading acreage holder in the Rakhine Basin


• Under-explored deep water areas

• Ability to apply Woodside’s core deep water skills and technologies

• 47,000 km2 gross acreage

• Farm-ins to AD-7 and A-6 early 2013

• Four blocks awarded in 2013 offshore bid round

• Partnered for success with significant local and global companies

Shwe Yee Htun-1 Nov 2015

Thalin-1A Jan 2016

Woodside’s Exploration Activities

2015/16 - We achieve great results


• Discoveries at Shwe Yee Htun-1 and Thalin-1A in A-6 and AD-7

• Record breaking acquisition of over 31,500 km2 3D seismic

• 1290 line km of 2D seismic acquisition

• 200 sea floor cores recovered with a further 200 planned for later this year

• Advanced preparations for a 2017 drilling campaign of four firm and three contingent exploration and appraisal wells

Transocean Deepwater Millennium

A-6 Shwe Yee Htun-1 and AD-7 Thalin-1


• Shwe Yee Htun-1, 129 m gas column; 32 m net pay.

• Thalin-1, 64 m gas column; 62 m net gas pay

Deep water Rakhine Basin gas discoveries

• Both wells under budget, no significant health, safety or environmental events

• 2017 appraisal drilling planned for both discoveries including core and DST’s

2017 Look Ahead


• Four firm and up to three contingent wells

• A-6, drill one well• AD-7, re-enter Thalin-1A to core

and drill stem test and drill two additional wells

• Additional contingent well plans for A-6 and AD-7

• AD-5, A-7, AD-2, A-4 evaluate 2016 acquired 2D and 3D data

• Development engineering studies on Thalin-1A and Shwe Yee Htun-1

We learn, we get better

PGS Ramform Titan in A-7

Woodside is a responsible operator


• Social Investment to build capacity and capability, including:• Internships at Woodside Headquarters• Post-graduate scholarship at University of Western Australia• Early childhood development program • Flood relief assistance

We build strong partnerships and do what we say we will do

• Publically disclosed environmental impact assessments

• Sharing baseline knowledge of marine environment

• Enhancing marine science capability through sponsorship of Flora and Fauna International and Pathein University Marine Science Department

Woodside is driving industry standards


• Working cooperatively with government in an evolving legal environment; building regulatory capacity

• Investing in local content, training for MOGE rig crews and developing local staff

• Building local business standards through cooperation with MCRB, AMCC Responsible Investment Working Group

• Respect rights and values (corporate participant in the Voluntary Principles on Security and Human Rights Initiative)

We play by the rules

MOGE staff on board the Deepwater Millennium drillship

Myanmar and Woodside

In summary

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myanmar-asean ministers meeting

Engineering