Mubadala Petroleum awards EPCIC contract for Nong Yao development
Mubadala Petroleum announces 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 Co. Ltd. (NSSE).
Work has commenced at a fabrication yard near Bangkok, Thailand 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 (WPP) and Wellhead Platform (WHP) with interconnecting pipelines to a Floating Storage and Offloading vessel (FSO) 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.