WOODSIDE kicked off the year with encouraging results from its Shwe Yee Htun 1 exploration well, offshore Myanmar where the company announced it made a gas discovery.

Located in Block A-6 in the Rakhine basin, the well intersected a gross gas column of about 129 metres, Woodside announced in early January.

About 15 metres of net gas pay was interpreted within the primary target interval, Woodside said.

Shwe Yee Htun 1 reached the planned original total depth of 4,810 metres.

Following drilling, wireline logging was conducted and confirmed the presence of a gas column through pressure measurements and gas sampling.

Woodside said the well was subsequently deepened to a final total depth of 5,306 metres.

Spud on 27 November, the well reached its original target on 23 December and wireline logging concluded on 29 December, 2015.

Shwe Yee Htun 1 targeted one of many identified channel complexes that run over a large anticlinal feature, the Saung Anticline, Woodside said.

Woodside chief executive Peter Coleman said he was pleased by the successful evaluation of the prospect, which provided evidence of a working petroleum system in the Rakhine basin deep water.

“Further analysis will be undertaken to understand the full potential of the play, but this de-risks a number of leads which will now be matured,” Mr Coleman said.

“This discovery is an encouraging outcome for future exploration and appraisal activity in the area.”

With a 40 per cent interest in Block A-6, Woodside Energy (Myanmar) (Woodside Myanmar) is the joint operator with MPRL E&P holding 20% interest.

MPRL E&P is operator with respect to government liaison and Woodside Myanmar is the operator with respect to all other operations, including drilling.

Total E&P Myanmar holds a 40% non-operated interest.

Woodside has interests in six blocks in the Rakhine basin, with the six permits making up 46,000 kilometres squared and represent 20% of Woodside’s global exploration acreage.