Australia’s Woodside Petroleum is progressing its exit from Myanmar’s upstream arena after electing to withdraw amid the worsening security and human rights situation following the February 2021 military coup.
Woodside, which had been an aggressive and successful explorer offshore Myanmar and had embarked on plans to exploit likely trillions of cubic feet of gas from ultra-deepwater Block A-6, is now fully committed to departing.
Arrangements to formally exit from offshore blocks A-6, AD-1 and AD-8 have commenced while Woodside said a notice to terminate the Block AD-7 production sharing contract offshore Myanmar has been sent to state-owned Myanma Oil & Gas Enterprise.
