Mubadala Petroleum began oil production from the Nong Yao field in the G11/48 license in the southern Gulf of Thailand from three initial wells on 17 June.
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Map of G11/48 off Thailand. From Mubadala. |
Nong Yao is Mubadala Petroleum’s third operated field in Thailand. The field is located within the G11/48 concession, approximately 165km offshore in a water depth of about 75m.
The facilities comprise a wellhead processing platform (WPP) and a minimum facility wellhead platform (WHP), with crude export via a floating storage and offloading (FSO) vessel. The facilities have production capacity of up to 15,000 b/d and 30,000 b/d of fluids.
Production is expected to reach a peak rate of approximately 10,000 b/d as more production wells are completed. Proved and probable reserves contained in Nong Yao’s primary reservoirs, and recoverable by water injection are estimated to be in the order of 12.4 MMbbl.
Joint venture partners Mubadala, KrisEnergy, and Palang Sophon Ltd., have invested approximately US$320 million in the development.
Nong Yao is the second development in Thailand, after Manora that Mubadala has taken from discovery and appraisal through to development and now production. The field was originally discovered in 2009 and further appraised by five wells. The development concept was selected in 2012 and the project was sanctioned in August 2013.
“Nong Yao follows on the heels of the Manora field which started production in November 2014 and is currently producing at its peak rate of approximately 15,000 b/d,” Musabbeh Al Kaabi, Mubadala CEO said. “With three fields producing in Thailand, Jasmine, Manora and now Nong Yao, our gross production in Thailand will reach around 40,000 b/d during 2H 2015. This is more than double the rate from a year ago and will make us Thailand’s second largest producer of black oil.”
Oil from Nong Yao will be sold for local use to meet Thailand’s growing energy needs.
Mubadala is the operator of the G11/48 license with a 67.5% working interest. Partners include KrisEnergy (22.5%) and Palang Sophon Ltd. (10%).
Read more:
Mubadala begins production at Manora
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