collect now or you will be regret hehe...

https://www.upstreamonline.com/exclusive/mopu-providers-hoping-to-impress-mubadala-in-thailand/2-1-1084475

Suppliers of leased mobile offshore production units are vying for a contract to provide Mubadala Petroleum with a platform for continued development of the Nong Yao oilfield offshore Thailand.

A mobile offshore production unit is typically a converted jack-up rig with its drilling capacity replaced by production equipment.

Production facilities usually process oil at rates of up to 20,000 barrels per day, and then export the oil through a subsea pipeline, usually to a floating storage and offloading vessel.

The Nong Yao field is already producing via a wellhead processing platform and a leased FSO.

Cumulative production since the field started up in June 2015 is in excess of 12 million barrels, according to Mubadala.

The current facilities reportedly have a production capacity of up to 15,000 bpd and a processing capacity of 30,000 barrels of fluids per day.

Market sources said the mobile offshore production unit currently in the tendering phase is linked to a new expansion phase of Nong Yao, which is a shallow-water field in Block G11/48 in the Gulf of Thailand.

Sources said the bidders include T7 Global and VME, but suggested that there is at least one other shortlisted competitor vying for the contract.

It is understood that the lease period for the platform will cover a firm five years plus two one-year options.

Sources said Mubadala is aiming to award the contract soon for the new platform.

Mubadala Petroleum is a subsidiary of Mubadala Investment, which is owned by the government of Abu Dhabi.

Mubadala is the operator of three shallow-water oilfields in the Gulf of Thailand — Jasmine in Block B5/27, Manora in Block G1/48 and Nong Yao in Block G11/48.

To service its fields, Mubadala has had the heavy-duty modern jack-up Valaris JU-115 on contract offshore Thailand since February, and has exercised a rig contract extension to begin in the first quarter of next year.
As a result, the Valaris JU-115 is now expected to be under contract until September with Mubadala.

The JU-115 is a BM Pacific Class 400 designed and built by Sembcorp Marine in 2013.

In April, Mubadala is due to begin a 40% non-operating role in the large Erawan gas project in Block G1/61, where PTT Exploration and Production will replace Chevron as the operator.

Crude oil price is awesome now at $80++, hopefully big boss is going to hoot the price up 99...Ini kalilah!!