Mubadala takes more interest in Thai field

Mubadala Petroleum has increased its interest in its operated G1/48 Concession in the Gulf of Thailand, which includes the Manora field.

Tap Oil, a partner in the project, said on the 12^th March that Northern Gulf Petroleum had agreed to transfer its 10% shareholding in the G1/48 Manora block to the operator Mubadala Petroleum G1 (Thailand) Limited, a subsidiary of Mubadala Petroleum.

As a joint venture party, Tap said it had consented to this transfer. The transfer will become effective upon the execution of the relevant supplementary concession pursuant to the Thailand Petroleum Act BE 2514, 1971.

Upon finalisation of the transfer, the interests in the concession will be: Tap Energy 30% and MP G1 (Thailand) Limited 70% and operator.

Mubadala last December completed its exploration drilling campaign at the G1/48 Manora oil field with disappointing results.

Namely, Manora JV partners approved a three-well exploration drilling programme, plus a contingent appraisal side-track well, at the G1/48 at the end of October 2019.

The first well, the Inthanin-1, spudded on the 20^th November 2019, and reached a total depth of 2,528 metres on the 24^th November 2019. No significant hydrocarbon shows were encountered at the first well.

Following the Inthanin-1 well, the Valaris JU-115 jack-up drilling rig moved to drill the second well in the campaign. The Yothaka East-1 well spudded on the 28^th November and reached a total measured depth of 3,367 metres on the 3^rd December.

Due to mixed results from the second well, Mubadala decided not to drill the third exploration well in the campaign, but instead to drill an appraisal well via a side-track from Yothaka East.

The side-track well reached a total measured depth of 3,881 metres on the 11^th December 2019.

Source: Offshore Energy Today