Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

UAE - Mubadala awards Nong Yao a€¨deal to NSSE  Join our daily free Newsletter

MENAFN - Khaleej Times - 15/01/2014

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Khaleej Times) Mubadala Petroleum recently announced that the platform Engineering, Procurement, Construction, Installation & Commissioning (EPCIC) contract for the Nong Yao oil field development in Block G11/48 in the Gulf of Thailand has been awarded to Nippon Steel and Sumikin Engineering, or NSSE.

Work has commenced at a fabrication yard near Bangkok and completion is anticipated in early 2015. The value of the contract is not being disclosed. The Nong Yao oil field development was sanctioned by Mubadala Petroleum and its partner KrisEnergy in August 2013. The development consists of a Wellhead Processing platform and Wellhead Platform with interconnecting pipelines to a Floating Storage and Offloading vessel and will in the initial phase involve 23 development wells. The facilities will be capable of producing up to 15,000 bopd. Production is expected to commence in mid-2015.

Mubadala Petroleum is an international, upstream oil and gas exploration and production company. Established as a wholly-owned subsidiary of Mubadala Development Company in June 2012, the company incorporates and builds on the success of Mubadala's existing investments in the sector. The company manages assets and operations spanning 12 countries with a primary geographic focus on the Middle East, Africa, Central and Southeast Asia. Working interest production in 2012 averaged approximately 378,000 boepd.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help