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.

Mar 26th, 2014

Offshore staff

STAVANGER, Norway – 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.

03/26/2014

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