Nong Yao oil development offshore Thailand gets funds

KrisEnergy and Mubadala Petroleum have agreed on the final investment decision and will go forward with the Nong Yao oil discovery development in the Gulf of Thailand.

Offshore staff

SINGAPORE –KrisEnergy and Mubadala Petroleum have agreed on the final investment decision and will go forward with the Nong Yao oil discovery development in the Gulf of Thailand.

The initial phase development concept calls for 23 wells, a wellhead processing platform, and a minimum facility wellhead platform with the export of crude oil via an FPSO. The production capacity will be up to 15,000 b/d of oil and 30,000 b/d of fluids.

KrisEnergy acquired a 25% working interest in G11/48 in 2009. Mubadala Petroleum is the operator of the block and holds 75%. G11/48 covers 6,791 sq km (2,622 sq mi) over the southern margin of the Pattani basin and the northwest margin of the Malay basin in water depths of up to 75 m (246 ft).

8/20/2013

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