Production, Development & Exploration
The activities conducted by Mubadala Petroleum throughout our long-standing presence in Thailand reflect our strong capabilities in the areas of exploration, appraisal, development and production of hydrocarbons.
With a presence in Thailand since 2004, we operate five concessions including the very successful Jasmine B5/27 offshore development in the Gulf of Thailand. We also have interests in three non-operated concessions. Our contribution to the Thai economy since commencing operations has been significant, with total expenditures up to the end of 2013 in excess of US$2.0 billion, and taxes and royalty payments of more than US$1.1 billion.
As a long-term investor in Thailand, we are fully committed not only to the development of the local energy industry, but also to acting responsibly, with the utmost respect to the environment and communities we are operating in. We are engaged in various CSR activities focusing on education,
the environment and supporting the local communities.
Production: The success of Jasmine B5/27
In March 2005, just 13 months after concession acquisition, the first Jasmine platform, WPA, was installed and first oil was produced in June. Today, six platforms and one Floating Production, Storage and Offloading (FPSO) unit are in operation. Ban Yen produced first oil in 2008. In November
2013 the production milestone of 50 million barrels was reached; a substantial increase from the estimate made at the time of purchase in 2004.
In 2013, production output was 13,500 bopd and all production is sold for local use to meet Thailand’s growing energy needs.
Development: Operation of the Manora and Nong Yao fields
Mubadala Petroleum holds a 60 percent interest in, and operates, the G1/48 concession, located in the Northern Gulf of Thailand. This block contains the Manora field, which is about 80 kilometers offshore and sits beneath 44 meters of water.
The Manora field development was sanctioned in July 2012. The field was discovered in 2009 and the
development concept was selected in late 2011. The facilities will include a Wellhead Processing Platform with water injection facilities to maximize oil recovery with oil stored in a Floating
Storage and Offloading (FSO) vessel.
Production is expected to commence in Q3 2014, reaching a peak rate of approximately 15,000 bopd from ten production wells and five injection wells in the main reservoir sequence. Mubadala Petroleum holds a 75 percent interest and operates the G11/48 concession is the southern Gulf of Thailand where the Nong Yao field is located. The field is approximately 165 kilometers offshore in water
depth of about 75 meters.
The Nong Yao field was discovered in 2009 and its development was sanctioned in August 2013. The
development comprises Wellhead Processing Platform and a minimum facility Wellhead Platform with crude export via a FSO vessel. The initial development phase will consist of 23 development wells targeting the primary reservoirs. It is planned to commence production in the first half of 2015 and peak rates are expected to reach approximately 10,000 bopd within a few months of first oil.
Mubadala Petroleum continues an active exploration program for all its blocks in Thailand. A two year drilling program in the Gulf of Thailand commenced in mid-2013, comprising Jasmine exploitation and new field development as well as exploration drilling.