Abu Dhabi’s Mubadala energy unit eyes expansion in Africa and Asia - Energy - ArabianBusiness.com:
"Mubadala Petroleum, a wholly-owned subsidiary of Abu Dhabi investment vehicle Mubadala, is looking to push ahead with overseas projects in Thailand and Indonesia and is aiming to start exploration work in Tanzania by the end of 2013, its CEO said.
"The East African margin is clearly an attractive exploration province,” Maurizio La Noce said of Mubadala Petroleum’s offshore work in Tanzania with UK-based partner Ophir.
“There have been a number of significant gas discoveries made, which point to a highly prospective basin. In Block 7 in Tanzania, having shot a large 3D seismic survey in 2010 and additional 2D seismic last year, we expect to spud our first exploration well before the end of this year."
'via Blog this'
No comments:
Post a Comment