We are maximising and extending our Australian core with regional growth potential.
We are focused on building prospect inventories from 3D seismic surveys in Australia, New Zealand, Korea and Myanmar. We are also testing proven and new plays through high impact drilling campaigns.
Our innovative application of new seismic imaging technologies supports our active regional studies, basin analysis and prospect maturation.
Exploration activities in Australia are focused on identifying prospects near existing infrastructure.
We have equity in exploration permits offshore Western Australia in the Exmouth Plateau, Bonaparte Basin and the Beagle, Dampier and Exmouth Sub-Basins.
We are maintaining a program of exploration drilling in offshore Western Australia to build our gas volumes and maximise the value of our Australian assets.
We continue interpretation of processed data from the Fortuna 3D marine seismic survey (4,050 km2) completed in January 2016, providing the foundation for future North West Shelf exploration and appraisal programs. Newly processed 3D seismic data is also available for interpretation and portfolio build in several other permits.
Woodside is one of the largest offshore petroleum acreage holders in Myanmar. Collectively, our six permits across the Rakhine Basin make up nearly 47,000 km². Our significant footprint in Myanmar represents an organic, high-value growth opportunity to meet increasing energy needs of an emerging region.
Woodside’s early-mover strategy in Myanmar delivers competitive advantage in an underexplored region close to major and growing energy markets. Our position in the Rakhine Basin, an area with proven and potential hydrocarbon volumes, aligns with our strategy to secure international growth opportunities in frontier and emerging basins that leverage our experience and capabilities in deep-water exploration and development. We have established a strong acreage position, with interests in six offshore blocks, through a combination of successful bid rounds and farm-ins.
In 2017, we will build upon our early exploration successes through a substantial exploration and appraisal campaign that includes plans for two exploration wells and two appraisal wells, with a further three contingent wells within the campaign scope. We will continue to pursue commercialisation options in 2017 by targeting near-term commercial development of discovered resources.
Total acreage: 46,975km2 - Rakhine Basin
Total acreage: 12,253km2
|55793||Taranaki Basin||70% (operator)||30%|
|55794||Great South Basin||70% (operator)||30%|