Production at the oilfield is expected to reach a peak rate of about 10,000 barrels of oil per day as more production wells at the field come online.
The company said in a statement that oil from field would be sold for local use in order to meet Thailand’s growing energy needs.
Nong Yao, which Mubadala Petroleum is operating together with Singaporean upstream operator KrisEnergy and Thailand’s Palang Sophon, is the company’s third operating oilfield in the country, along with Jasmine and Manora.
The Nong Yao field is located in the G11/48 concession, approximately 165 kilometers offshore Thailand in a water depth of around 75 metres.
Mubadala Petroleum’s gross production in Thailand will reach around 40,000 barrels of oil per day during the second half of 2015, more than double the rate from 2014, making the company Thailand’s second largest producer of black oil, the company said in a statement.
Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
This website uses cookies.