MELBOURNE: Woodside Petroleum has agreed to explore for oil and gas in Myanmar with South Korea's Daewoo International Corp, giving Australia's biggest oil and gas company a foot in the door in one of the global industry's most promising frontiers.
Woodside said yesterday that Daewoo had agreed to sell it a 40% stake in a production sharing contract in Block AD7 in the Rakhine Basin, in the western offshore area of Myanmar. Reuters
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