Block G2/50, which is held 100% by Pearl Oil (Petroleum) Limited, covers an area of 1,126 sq. km and is adjacent to concession area B5/27, where Pearl operates the producing Jasmine oil field.
L21/50 is 100% held by Pearl Oil (Resources) Limited and covers 3,962 sq. km in the Khorat Basin in the northeast of Thailand.
Aabar, through its wholly owned Pearl subsidiaries, operates an additional eight concession areas offshore in the Gulf of Thailand including Block B5/27 where the company's flagship Jasmine oil field produces approximately 18,500 barrels of oil per day ('bopd') gross.
Aabar boosts Thai exploration acreage with two new concessions
Aabar Petroleum Investments Company PJSC ('Aabar') announces that its subsidiary Pearl Energy Limited ('Pearl') has been awarded two petroleum contracts by the Thai authorities for block G2/50 offshore in the Gulf of Thailand and onshore block L21/50.
- United Arab Emirates: Monday, January 21 - 2008 at 15:29
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BackgroundAabar is an oil and gas exploration and production company headquartered in Abu Dhabi and is a public joint stock company listed on the Abu Dhabi Securities Market. Aabar is, through Pearl, engaged in petroleum exploration and production in Southeast Asia.
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Posted by Lara Lynn Golden, News EditorMonday, January 21 - 2008 at 15:29 UAE local time (GMT+4)
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