Production & Exploration
Mubadala Petroleum would like to express its profound sorrow and the deepest and most heartfelt condolences to the Royal Family and the Government and people of the Kingdom of Thailand on the passing of his Majesty King Bhumibol Adulyadej.
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 three concessions in the Gulf of Thailand and have interest in one non-operated concession. Production from the very successful Jasmine B5/27 offshore development together with that from Manora and Nong make us the second largest crude oil producer in Thailand.
Our contribution to the Thai economy since commencing operations has been significant, with total expenditures up to the end of 2015 in excess of US$3.1 billion, and taxes and royalty payments of more than US$1.3 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.
The successful Jasmine oil field development in B5/27 started production 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. The fields have already produced well over 60 million barrels; a substantial increase from the estimate made at the time of purchase in 2004.
Mubadala Petroleum holds a 100 percent interest. In November 2014, the Manora oil field, located in the Northern Gulf of Thailand in the G1/48 concession, started production. Mubadala Petroleum is operator and holds a 60 percent interest. The field was discovered in 2009 and the development was sanctioned in July 2012. The facilities include a Wellhead Processing Platform with water injection facilities to maximize oil recovery with oil stored in a Floating Storage and Offloading (FSO) vessel.
In June 2015, the Nong Yao oil field in the G11/48 concession in the southern Gulf of Thailand started production. Mubadala Petroleum is operator and holds a 67.5 percent interest. The field was also discovered in 2009, further appraised by five wells and its development was sanctioned in August 2013. The facilities comprise a Wellhead Processing Platform and a minimum facility Wellhead Platform with crude export via a FSO vessel.
Mubadala Petroleum has a 30 percent interest in Block G6/48, operated by KrisEnergy. The exploration drilling campaign in early 2015 yielded new discoveries and work is ongoing to more fully assess the potential for commercial development in the future.
Jasmine Fact Sheet
Manora Fact Sheet
Nong Yao Fact Sheet