KrisEnergy, Mubadala agree to block transfer offshore Thailand
KrisEnergy (Gulf of Thailand) is set to acquire Mubadala Petroleum’s 60% operated interest in exploration block G3/48 in the Gulf of Thailand.
The agreement is subject to approvals from Thailand’s government and Mubadala’s partners Tap Energy and Northern Gulf Oil (Thailand).
G3/48 covers 2,917 sq km (1,126 sq mi) in the northern part of the Gulf, in water depths ranging from 20 m to 50 m (65.6 ft to 164 ft). The exploration extends across five separate Tertiary basins: Hua Hin, North Sattakut, South Sattakut, Kra, and Western.