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Sovereign Wealth Funds Briefing - Categorized | Market

Abu Dhabi’s Mubadala to drill for oil in Thailand

Posted on 24 July 2012

Abu Dhabi’s state-backed Mubadala Petroleum says it and its partners plan to begin developing an oil field in the northern Gulf of Thailand. Mubadala Petroleum is part of Mubadala Development Company, an investment vehicle and SWF of the United Arab Emirates capital Abu Dhabi.
Mubadala said Monday it hopes to begin production from the Manora field in early 2014, with peak production of 15,000 barrels a day within a few months of operation. The project is expected to cost $246 million………………………………………..Full Article: Source

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