Mubadala Petroleum awards EPCIC contract for Thai oil field

Abu Dhabi: Mubadala Petroleum said yesterday that engineering, procurement, construction, installation and commissioning (EPCIC) contract for the Nong Yao oil field in Thailand has been awarded to Nippon Steel and Sumikin Engineering Co Ltd. A company statement said work has started and completion is expected in early 2015. The value of the contract has not been disclosed. The Nong Yao oil field development was sanctioned by Mubadala Petroleum and its partner KrisEnergy in August. 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 bpd. Production is expected to commence in mid-2015, the statement said. - Emirates News Agency, WAM