Statoil, ConocoPhillips team up for deepwater block offshore Myanmar
Statoil has been awarded operatorship of deepwater block AD-10 in the Bay of Bengal offshore Myanmar, in partnership with ConocoPhillips.
The 9,000-sq km (3,475-sq mi) concession is 200 km (124 mi) from the coast in water depths of around 2,000 m (6,562 ft).
“This is a large and virtually unexplored area in a basin with a proven petroleum system and thick sedimentary deposits,” said Erling Vågnes, senior vice president for Statoil’s exploration in the Eastern Hemisphere.
The partners will acquire new2D seismic during the first 2.5-year study period, and then decide whether or not to enter a three-year exploration term.