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KrisEnergy acquires G3/48 stake in Gulf of Thailand


Published Feb 3, 2014
KrisEnergy Holding Company Ltd

KrisEnergy Ltd. announce that its wholly owned subsidiary, KrisEnergy (Gulf of Thailand) Ltd, has acquired from Mubadala Petroleum a 60% working interest in block G3/48 in the Gulf of Thailand. The agreement, which includes the transfer of operatorship to KrisEnergy, is pending approvals by the government of the Kingdom of Thailand and Block G3/48 partners.

Once approvals have been received, KrisEnergy will hold a 60% working interest in G3/48 and will be the operator. The other partners are Tap Energy (Thailand) Pty Ltd with 30% and Northern Gulf Oil (Thailand) Company Ltd. with 10%.

Tags: KrisEnergy Ltd.




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