UAE's Mubadala awards contract for Thai oil field.

Mubadala Petroleum said that it has awarded the contract to develop an oil field in Thailand.

The UAE-based company said in a statement that the platform engineering, procurement, construction, installation and commissioning (EPCIC) contract for the Nong Yao oil field has been awarded to Nippon Steel and Sumikin Engineering Co. Ltd.

Work has started and completion is expected in early 2015. The value of the contract has not been disclosed.

The Nong Yao oil field development was sanctioned by Mubadala Petroleum and its partner KrisEnergy in August.

arabianbusiness.com