Mubadala Petroleum to expand in Thailand, Indonesia
Abu Dhabi-based Mubadala Petroleum is looking to expand into Southeast Asian markets such as Thailand and Indonesia, the company, a wholly owned subsidirary of Abu Dhabi’s investment firm Mubadala, said.
According to Mubadala Petroleum’s Maurizio La Noce, the company is seeking to utilise it experience in the Gulf of Thailand to land more work in Asia. Recently, the company was able to obtain approval for the development of an oilfield just off Thailand with its project partner Kris Energy.
On November 18, news came out that Mubadala Petroleum has spudded the Malida-1 exploration well on the G1/48 concession in the Northern Gulf of Thailand. The well is being drilled to test for the development of the main Miocene age interval of the Manora oil bearing sands in an independent fault dependent structure, east of the Manora oilfield.
Concession partner Tap Oil said success at the Malida-1 well could potentially open up a new oil fairway. It also added that, if the well is successful, contingent well operations could include deepening the well to test the underlying Oligocene section and a possible sidetrack.
Abu Dhabi-based Mubadala Petroleum is looking to expand into Southeast Asian markets such as Thailand and Indonesia, the company, a wholly owned subsidirary of Abu Dhabi's investment firm Mubadala, said. According to Mubadala Petroleum's Maurizio La Noce, the company is seeking to utilise it experience in the Gulf of Thailand to land more work in Asia. Recently, the company was able to obtain approval for the development of an oilfield just off Thailand with its project partner Kris Energy. On November 18, news came out that Mubadala Petroleum has spudded the Malida-1 exploration well on the G1/48 concession in the...
Abu Dhabi-based Mubadala Petroleum is looking to expand into Southeast Asian markets such as Thailand and Indonesia, the company, a wholly owned subsidirary of Abu Dhabi’s investment firm Mubadala, said.
According to Mubadala Petroleum’s Maurizio La Noce, the company is seeking to utilise it experience in the Gulf of Thailand to land more work in Asia. Recently, the company was able to obtain approval for the development of an oilfield just off Thailand with its project partner Kris Energy.
On November 18, news came out that Mubadala Petroleum has spudded the Malida-1 exploration well on the G1/48 concession in the Northern Gulf of Thailand. The well is being drilled to test for the development of the main Miocene age interval of the Manora oil bearing sands in an independent fault dependent structure, east of the Manora oilfield.
Concession partner Tap Oil said success at the Malida-1 well could potentially open up a new oil fairway. It also added that, if the well is successful, contingent well operations could include deepening the well to test the underlying Oligocene section and a possible sidetrack.
