UAE-based Mubadala Petroleum said it has awarded the engineering, procurement, construction, installation and Commissioning (EPCIC) contract for the Nong Yao oil field development to Nippon Steel and Sumikin Engineering Co.

The work for block G11/48 in the Gulf of Thailand has commenced at a fabrication yard near Bangkok and completion is anticipated in early 2015, said a statement.

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 last year.

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, said the statement.

The facilities will be capable of producing up to 15,000 bpd, which is expected to commence in mid-2015, it added. - TradeArabia News Service