KrisEnergy, Mubadala Make FID for Nong Yao Field (Thailand)

KrisEnergy Ltd, an independent upstream oil and gas company, announces that together with Mubadala Petroleum, it has agreed the final investment decision for the Nong Yao oil development in the G11/48 contract area in the Gulf of Thailand. First oil is anticipated in the first half 2015.

“We are extremely pleased that the joint-venture partners have reached this stage. The development of Nong Yao marks another milestone in KrisEnergy’s growth and we are delighted to be developing a project in the Gulf of Thailand where we have enjoyed success previously,” said Chris Gibson-Robinson, KrisEnergy’s Director Exploration & Production.

The development concept for the initial phase of the Nong Yao field comprises 23 wells, a wellhead processing platform and a minimum facility wellhead platform with the export of crude oil via a floating storage and offloading vessel. The production capacity will be up to 15,000 barrels of oil  per day and 30,000 barrels of fluids per day 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 over the southern margin of the Pattani Basin and the northwest margin of the Malay Basin in water depths of up to 75 metres.

 

Press Release, August 19, 2013

 

Share this article

Follow Offshore Energy Today

Events>

<< Jul 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 31 1 2 3 4

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

8th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Gas Indonesia Summit 2019

Gas Indonesia Summit & Exhibition is returning for the fourth edition in Jakarta…

read more >

Shanghai Int Petrochemical and Offshore Oil & Gas and Chemical Industry Technology and Equipment Exhibition 2019

cippe Shanghai has attracts both…

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