View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
November 26, 2021updated 27 Apr 2022 12:18pm

Nong Yao Conventional Oil Field, Thailand

By Carmen

Nong Yao is a producing conventional oil field located in shallow water in Thailand and is operated by MP G11 (Thailand). The field is located in block G11/48, with water depth of 253 feet.

Field participation details

The field is owned by Palang Sophon and Mubadala Investment.


Production from Nong Yao

The Nong Yao conventional oil field recovered 30.29% of its total recoverable reserves, with peak production expected in 2022. The peak production was approximately 9.23 thousand bpd of crude oil and condensate and 4 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2063. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 48.26 Mmboe, comprised of 45.44 Mmbbl of crude oil & condensate and 16.93 bcf of natural gas reserves. Nong Yao conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology