KrisEnergy Buys 60 Pct Stake in Gulf of Thailand Block

KrisEnergy Ltd. has acquired from Mubadala Petroleum a 60% working interest in block G3/48 in the Gulf of Thailand.

The agreement, which includes the transfer of operatorship to KrisEnergy, is pending approvals by the government of the Kingdom of Thailand and Block G3/48 partners.

Once approvals have been received, KrisEnergy will hold a 60% working interest in G3/48 and will be the operator. The other partners are Tap Energy (Thailand) Pty Ltd with 30% and Northern Gulf Oil (Thailand) Company Ltd. with 10%.

G3/48 covers 2,917 sq km in shallow waters of less than 20 metres up to 50 metres in the northern area of the Gulf of Thailand. Running from north to south, the exploration block stretches across sections of five separate Tertiary basins: Hua Hin Basin, North Sattakut Basin, South Sattakut Basin, Kra Basin and Western Basin.

January 28, 2014

Share this article

Follow Offshore Energy Today

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

GeoConvention 2019

GeoConvention offers some of the best local and international insights to efficient energy exploration…

read more >

16th MOSCOW INTERNATIONAL OIL AND GAS EXHIBITION

The Moscow International Oil & Gas Exhibition display products like oil and gas products, oil and gas services…

read more >

Erbil International Oil & Gas Exhibition 2019

The event will be held at the Erbil International Fair Ground which is one of the largest energy related events in Iraq…

read more >

THE 24 th IRAN INTERNATIONAL OIL , GAS , REFINING & PETROCHEMICAL EXHIBITION

The second largest OPEC producer, Iran sits atop 11 percent of oil and 18 percent of gas…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply