Mubadala Petroleum completes transfer of an additional 10% interest in Manora Oil Field
The Department of Mineral Fuels, Ministry of Energy, and representatives from Mubadala Petroleum and Northern Gulf Petroleum Pte. Ltd. together signed the Supplementary Petroleum Concession to transfer a 10% interest in the G1/48 concession in the Gulf of Thailand, which includes the producing Manora Oil Field, from Northern Gulf Petroleum Pte. Ltd. to MP G1 (Thailand) Limited, a subsidiary of Mubadala Petroleum. The interests in the concession will accordingly be amended with 70% now owned by MP G1 (Thailand) Limited as the Operator and the balance 30% owned by Tap Energy (Thailand) Pty Limited.