Nong Yao field wins final investment

August 19, 2013

KrisEnergy Ltd., an independent upstream oil and gas company, agreed the final investment decision for the Nong Yao oil development in the G11/48 contract area in the Gulf of Thailand, along with Mubadala Petroleum. First oil is anticipated in 1H 2015.

“We are extremely pleased that the joint-venture partners have reached this stage. The development of Nong Yao marks another milestone in KrisEnergy’s growth and we are delighted to be developing a project in the Gulf of Thailand where we have enjoyed success previously,” said Chris Gibson-Robinson, KrisEnergy’s director of exploration & production.

The development concept for the initial phase of the Nong Yao field comprises 23 wells, a wellhead processing platform and a minimum facility wellhead platform with the export of crude oil via a floating storage and offloading vessel. The production capacity will be up to 15,000 bo/d and 30,000 barrels of fluids per day.

KrisEnergy acquired a 25% working interest in G11/48 in 2009. Mubadala Petroleum is the operator of the block and holds 75%. G11/48 covers 6,791 sq km over the southern margin of the Pattani Basin and the northwest margin of the Malay Basin in water depths of up to 75 m. 



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