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Fri 22 May 2015 08:50 AM

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UAE's Mubadala says Thai oil field to start production in June

Mubadala Petroleum chief exec outlines plan for its 10,000 barrels-per-day Nong Yao oil field in Thailand

UAE's Mubadala says Thai oil field to start production in June

Abu-Dhabi's Mubadala Petroleum has said its 10,000 barrels-per-day (bpd) Nong Yao oil field in Thailand will start production in June, bringing its total oil output in the country close to 40,000 bpd, up 33 percent from current levels.

"Within a month hopefully or so we will bring a third field called Nong Yao," the company's chief executive, Musabbeh Al Kaabi, told an industry conference in Kuala Lumpur.

"So we are very active in Thailand and looking forward to expand our footprint in that country."

Earlier, Mubadala, a subsidiary of Abu Dhabi state-owned fund Mubadala Development Co, had said production at the Nong Yao field would start by the middle of 2015, without specifying which month.

Mubadala is currently producing almost 30,000 bpd of oil from the Manora and Jasmine fields in Thailand, the CEO said at the conference. Output from Manora peaked at 15,000 bpd between late 2014 and early 2015, he added.

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