Mubadala unit plans to develop Thai oil field

A subsidiary of Abu Dhabi state investment fund Mubadala and Singapore-listed Kris Energy plans to develop an oil field in the Gulf of Thailand.

Mubadala Petroleum and Kris Energy will develop the Nong Yao field with production capacity of up to 15,000 barrels of oil per day and 30,000 barrels of oil fluids per day, Mubadala said in a statement on Monday.

Production is expected to commence in the first half of 2015.

Mubadala Petroleum, holds a 75 percent interest in the concession and is the operator, while Kris Energy has the remaining 25 percent interest.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Generation game: the struggle for power in the Gulf

Generation game: the struggle for power in the Gulf

The oil price decline has left a huge funding gap for the Gulf...

Rising sun: the Middle East's renewables revolution

Rising sun: the Middle East's renewables revolution

From one energy source to another, the Middle East is swiftly...

New Saudi energy minister shows he takes OPEC seriously

New Saudi energy minister shows he takes OPEC seriously

Khalid al-Falih turns up in Vienna, three days before the Organisation...

Most Popular
Most Discussed
sponsoredTracking