Production, Development, Appraisal & 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 through Pearl Oil since 2004, we are the third largest petroleum concessionaire in the country. We operate 8 eight concessions including the very successful Jasmine B5/27 offshore development in the Gulf of Thailand. We also have interests in two non-operated concessions.
Our contribution to the Thai economy since commencing operations has been significant, with total expenditures up to the end of 2012 in excess of US$1.8 billion, and taxes and royalty payments of more than US$900 million.
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 the environment and supporting the local communities.
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 December 2012 the production milestone of 45 million barrels was reached; a substantial increase from the estimate made at the time of purchase in 2004. In 2012, production output was 14,400 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 take (FSO) vessel.
Production is expected to commence in early mid 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 in 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 (WPP) and a minimum facility Wellhead Platform (WHP) with crude export via a Floating Storage and Offloading (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 2015 and peak rates are expected to reach approximately 10,000 barrels of oil per day within a few months of first oil.
In addition, one other discovery, the Wassana field (Block G10/48) where Mubadala Petroleum holds 75 percent interests is being considered for development.
Two year drilling program in the Gulf of Thailand has commenced.and an exploration drilling program is scheduled for the second half of 2013.