Project Profile
Location: ~300 kilometres offshore, Rakhine Basin and Thanintharyi Basin, Myanmar (Burma)
Area: 21,000 sq km
Water Depth: 1,800 - 2,700 m
Licence award: 2014
Start-up Year: -
Shell and its partner Mitsui Oil Exploration Co.,Ltd. group (MOECO) have signed exploration and production sharing contracts (PSCs) with Myanma Oil and Gas Enterprise (MOGE) of the Republic of the Union of Myanmar for three deep-water blocks. Shell will use deep-water exploration technologies including advanced tools for acquiring, processing and interpreting seismic and other geophysical data. This will, the company explains, improve understanding of the potential resources. Under the agreements, Shell will assess the potential of deep-water blocks AD-9 and AD-11 (Rakhine Basin) and MD-5 (Thanintharyi Basin). The three blocks together cover some 21,000 square kilometres. They are located approximately 300 kilometres offshore in water depths ranging from 1,800 to 2,700 metres.
Operators:
Shell: Operator with 54% interest
Petronas: 36% interest
Mitsui Oil Exploration Co. Ltd. (MOECO): 10% interest
Contractors:
Polarcus: Contract for a 3-D marine seismic acquisition (September, 2015)