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Abu-Dhabi's MubadalaPetroleum said its 10,000 barrels-per-day (bpd) Nong Yao oilfield in Thailand will start production in June, bringing itstotal oil output in the country close to 40,000 bpd, up 33percent from current levels.
"Within a month hopefully or so we will bring a third fieldcalled Nong Yao," the company's chief executive, Musabbeh AlKaabi, told an industry conference in Kuala Lumpur on Tuesday.
"So we are very active in Thailand and looking forward toexpand our footprint in that country."
Earlier, Mubadala, a subsidiary of Abu Dhabi state-ownedfund Mubadala Development Co, had said production atthe Nong Yao field would start by the middle of 2015, withoutspecifying which month.
Mubadala is currently producing almost 30,000 bpd of oilfrom the Manora and Jasmine fields in Thailand, the CEO said atthe conference. Output from Manora peaked at 15,000 bpd betweenlate 2014 and early 2015, he added. (Reporting by Jessica Jaganathan; Editing by Himani Sarkar)
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