Abu Dhabi’s Mubadala Petroleum has not been delayed at its oil project in Thailand, despite the state of political unrest in the nation.
Joint venture partner Tap Oil has confirmed the $300 million Manora oil development in the Gulf of Thailand is still on schedule to start producing later this year.
“Recent political events in Thailand have not had an impact on the project budget or schedule,” the company said.
Thailand was put in a state of martial law earlier this year, and remains a hot spot for civil unrest after a military coup.
Tap said despite this, the project was set to go ahead as planned.
Earlier this week, installation of the subsea work was finished, including the installation of the risers, CALM buoy and connections to the subsea pipeline End Manifold.
Topsides will now set to be installed as the floating storage and offloading vessel arrives.
Phase two of the offshore installation programme is set to start in July.
The rig that will be used to drill two Manora development wells is set to arrive on site by mid-August.
These wells will provide feedstock as the project sets to go live.
The project encountered delays earlier this year as the delivery of the topsides was pushed back.
Full field development, excluding abandonment costs, now stands at about $300 million — up from the previously announced $278 million, which itself was a 13% increase from the $246 million forecast when the final investment decision was taken in July 2012.
Estimated peak production from Manora is 15,000 barrels per day from 10 producers and five injector wells.
Partners in the G1/48 concession are operator Mubadala on 60%, Tap with 30% and Northern Gulf Petroleum having 10%.