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Thailand: Tap Oil provides details of G1/48 Concession JV restructuring
09 Dec 2020 G1/48 Concession in the Gulf of Thailand, which includes the
Manora Oil Field Production Area operated by
MP G1 (Thailand), a subsidiary of
Mubadala Petroleum.
Northern Gulf Petroleum has agreed to transfer its 10% interest in the
G1/48 Manora block to the operator
MP G1 (Thailand).
The relevant Supplementary Concession Agreement which formalizes the transfer pursuant to the Thailand Petroleum Act BE 2514,1971 (as amended from time to time) was officially executed by all concessionaires on the 16thSeptember 2020.
The Supplementary Concession has now been executed by the Minister of Energy and the interests in the Concession will be amended as follows: