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Aabar in Thailand deal
- United Arab Emirates: Saturday, November 25 - 2006 at 08:08
Thailand has awarded an oil concession deal to a consortium including Pearl Oil, Horizon Oil and Tana Oil according to a statement by the UAE's Aabar Petroleum, the owner of Pearl Energy, and cited by Reuters. Pearl will hold a 50% stake in block G10/48 and will be the operator, while the remaining 50% will be split between Horizon and Tana. Block G10/48 covers more than 18,000 square kilometres.
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