Woodside Petroleum Limited
(ASX:WPL) says it has made a successful gas discovery off the coast of Myanmar.
The company says it has confirmed a gross gas column of around 129m with a depth of around 5 kilometres. This is evidence of a working petroleum system in the Rakhine basin.
Woodside has interest in six blocks in the basin which is around 20 per cent of its exploration acreage worldwide.
Woodside reported a net profit of $929.68 million for the 2015 financial year.
