UAE

 

Mubadala Restructures Energy Assets, Develops Thai Oil Field

Abu Dhabi's state-owned Mubadala Petroleum has taken the final investment decision to develop the $246mn, 15,000 b/d Manora oil field project in Thailand, it announced on July 23. Through its subsidiary Pearl Energy, Mubadala Petroleum holds 60% of the concession, Australia’s Tap Oil 30% and Northern Gulf Petroleum 10%. It is Mubadala Petroleum’s first major decision since...