UAE state-owned Mubadala Petroleum has announced that it plans to develop an offshore oilfield in Thailand in partnership with Singapore-listed Kris Energy
The two partners will develop the Nong Yao field in the G11/48 contract area with capacity of up to 15,000 bpd and 30,000 barrels of oil fluids per day. The production is expected to commence in the first half of 2015, Reuters reported.
Block G11/48 covers 6,791 sq km over the southern margin of the Pattani Basin and the northwest margin of the Malay Basin in water depths of up to 75 metres.
The development concept for the initial phase of the Nong Yao field will comprise of 23 wells, a well-head processing platform and a minimum facility wellhead platform with the export of crude oil via a floating storage and offloading vessel.
Chris Gibson-Robinson, director of exploration and production at Kris Energy, said, “We are extremely pleased that the joint-venture partners have reached this stage. The development of Nong Yao marks another milestone in our growth.”
Mubadala Petroleum is currently the operator of Block G11/48 with a 75 per cent stake, while KrisEnergy, which acquired an interest in the concession in 2009, holds the remaining working interest.
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