Mubadala Petroleum Thailand extends Petrofac FPSO

Bangkok: Mubadala Petroleum Thailand has taken up an option to extend its lease on Petrofac’s Jasmine Venture FPSO, currently deployed at the Jasmine field in the Gulf of Thailand, for up to four additional years. 
 
Petrofac acquired the Jasmine Venture from Mubadala Petroleum in June 2011, and will continue to provide operations and maintenance services through the contract period.
 
David Johnson, president of Mubadala Petroleum Thailand, said: “We appreciate Petrofac’s support on the Jasmine field, through the lease of critical field infrastructure and associated operations and maintenance services. The safe and cost effective provision of these services is an important element of our plans to continue to extend the profitable life of the field, which has just recorded 50 million barrels of oil production, significantly beyond original expectations.” [30/01/14]

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