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Sovereign Wealth Funds Briefing - Categorized | Investment

Mubadala Petroleum to develop offshore Thailand oil well

Posted on 27 August 2013

Mubadala Petroleum, in concert with KrisEnergy Limited, has recently announced the approval of an oil well development off the coast of Thailand near the Pattani and Malay Basins.
According to a press release issued by Mubadala Petroleum, production will begin in the first half of 2015, with peak rates of 10,000 barrels of oil a day expected a few months after. The development will also include a minimum facility wellhead platform, a wellhead processing platform, and crude oil will be exported by way of a floating storage and offloading vessel………………………………………..Full Article: Source


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