Daewoo International has accepted Woodside’s bid to farm in to a production sharing contract offshore Myanmar.
Offshore staff
PERTH, Australia – Daewoo International has accepted Woodside’s bid to farm in to a production sharing contract offshore Myanmar.
This covers block AD-7 in the deepwater Rakhine basin, in the western offshore area adjacent to Daewoo’s currentShwe development.
Subject to government approvals Woodside will take a 40% interest. The company and Daewoo plan a 3D seismic acquisition program during 2013-2014, with the option to drill an exploration well in a subsequent exploration period.
