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Woodside puts Myanmar operations on hold


Woodside puts Myanmar operations on hold
Mar 1, 2021 – 1.15pm
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Investors have reacted calmly to Woodside Petroleum’s decision to reduce its presence in troubled Myanmar and to put future planning “under review”, reflecting the limited value attributed to its gas exploration activities there despite demand for gas to offset fields in decline.
Woodside, one of the largest holders of offshore acreage in Myanmar, said during the weekend it was reducing its presence in the country, amid increasing concern at events since the army seized power on February 1.
A three-well drilling program off the coast will be completed and the exploration drilling crew pulled out. ....

Saloni Kapoor , Saul Kavonic , Wood Mackenzie , Mangesh Patankar , Daewoo International , Credit Suisse , Bg Group , Rakhine Basin , Aung San Suu Kyi Led , சலோனி கபூர் , மரம் மெக்கன்சி , மங்கேஷ் படங்கர் , டேவூ சர்வதேச , கடன் ஸ்யூயி , பி.ஜி. குழு , ஆங் சான் ஶ்யூயூ கீ வழிநடத்தியது ,

Myanmar coup and impact on oil and gas industry | Hellenic Shipping News Worldwide


Myanmar coup and impact on oil and gas industry
Following the military coup in Myanmar on Monday, February 1st, Wood Mackenzie and Verisk Maplecroft experts weigh in on what this means for the oil and gas industry.
Wood Mackenzie research associate Saloni Kapoor said: “We estimate that new upstream projects worth US$2 billion up until 2030 are yet to take final investment decision, including the A6 project which now risks further delay.
“Key developments such as PTTEP’s Block M9 (Zawtika) and Woodside’s Block A6 account for around 40% of the country’s expected supply until 2030. Incremental phases at Zawtika will provide upside to Myanmar’s energy mix, but if A6 does not progress as planned, an estimated 2 tcf of gas supply is threatened. This supply is critical to make up for declining volumes from legacy fields. ....

Laung Gyaing , Saloni Kapoor , Verisk Maplecroft , Kaho Yu , Wood Mackenzie , Mangesh Patankar , Mee Laung Gyaing , Aung San Suu Kyi Led , சலோனி கபூர் , கஹோ யூ , மரம் மெக்கன்சி , மங்கேஷ் படங்கர் , ஆங் சான் ஶ்யூயூ கீ வழிநடத்தியது ,