Woodside in talks with Shell on Black Sea farm-in

Woodside Energy has entered a farm-in agreement with Shell to take a 30% interest in block 1-14 Khan Kubrat in the Bulgarian sector of the Black Sea.

Offshore staff

PERTH, AustraliaWoodside Energy has entered a farm-in agreement with Shell to take a 30% interest in block 1-14 Khan Kubrat in the Bulgarian sector of the Black Sea.

This area is seen as a potentially emerging oil and gas province close to existing infrastructure and markets, Woodside said.

Plans are in hand to drill an exploration well next spring.

OffshoreMyanmar, Woodside recently spudded the Shwe Yee Htun-2 well, designed to appraise the volume, deliverability, and connectivity of last year’s 2017 Shwe Yee Htun gas discovery, and to test additional shallower exploration objectives.

Off Gabon, two Woodside wells earlier this year in a frontier play encountered oil.

Boudji-1 in the Likuale (F14) block intersected a 90-m (295-ft) gross oil and gas column in good-quality hydrocarbon-bearing presalt sands, while Ivela-1 in the Luna Muetse (E13) block penetrated a 78-m (256-ft) gross oil column.

However, due to the water depths of more than 2,600 m (8,530 ft) and the associated development costs, the company rates both finds as non-commercial.

Analysis continues of another of the company’s completed exploration wells, the Eni-operatedRabat Deep-1 offshore Morocco. There are possible indications of oil (non-commercial) based on observations of well cuttings.

Offshore Western Australia, Woodside’s Ferrand-1 exploration well in the WA-404-P intersected a 69-m (226 ft) gross gas column. The structure is close to the company’s other operated gas discoveries and the result should assist development planning for resources across the permit.

08/15/2018

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