Woodworm love the sweetness of pine timber, and being lazy little sods, they tend to avoid the hardwoods, which apparently don't taste as nice, as well as being harder going ... although I've never actually tried eating either myself.
Woodworm avoid chipboard because of the resin used to bond the wood particles together - as anyone who works with chipboard knows, it will take the edge of most cutting tools much quicker than natural timbers, including the hardest of the hardwoods.
As a bearer for anything that might spring a leak, the best board to use is an exterior grade strand board - which looks like this:-
[DLMURL="http://www.diy.com/nav/build/timber/sheet-materials/Oriented-Strand-Board-3-L-2440-x-W-1220-x-T-18mm-9276290"]Oriented Strand Board 3 (L)2440 x (W)1220 x (T)18mm, 5014957148673[/DLMURL]
As well as being highly resistant to water, it's not a favourite of the dreaded worm because of its high resin content.
I would go for around [FONT=&]¾" thickness.[/FONT]