Connect with us

Mubadala Petroleum and Others to Develop Thailand Offshore Oil Field

Published

on

mubadala petroleumMubadala Petroleum which is owned by the Mubadala Development Company with Tap Energy plans to develop an oil field in the Northern Gulf of Thailand. Mubadala Petroleum owns a 60% operating interest in the exploration field through its Pearl affiliates. Tap Oil Limited also owns a major stake in the concession through its subsidiary Tap Energy (Thailand) Pty Ltd.

In a July press release, Tap’s Managing Director & CEO, Troy Hayden said:
“The announcement of FID on Manora is a milestone event in Tap’s development. Manora is expected to generate significant future cashflow and will remain as a key focus for Tap over the development phase. The drilling program at G1/48 provides exploration upside, with the potential to further consolidate our position in Thailand.”

The Manora offshore field was discovered in 2009. Production in the Manora field could start as soon as early 2014. Peak production could amount to 15,000 barrels per day after four to five months of initial operations. The project is estimated to cost around US$ 246 million.

Exploration Area – Concession Partners

  • Pearl Oil (Amata) Limited (Operator) – 40%
  • Pearl Energy (G1) Limited – 20%
  • Northern Gulf Petroleum Pte Ltd – 10%
  • Tap Energy (Thailand) Pty Ltd – 30%
  • Tap Energy has a controlling interest in Northern Gulf Petroleum.

SWFI First Read, September 19, 2018

Published

on

QIA Eyes Investment in Chinese Lender Lufax

The Qatar Investment Authority (QIA) is in talks about a possible investment into Shanghai-based Lufax, one of China’s largest online lenders. The seller of the possible stake is China’s Ping An Insurance (Group) Co. Ltd. Lufax’s official name is Shanghai Lujiazui International Financial Asset Exchange Co. Ltd.

Wealth Funds Back Hotpot Giant

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Japanese Government Capital Provides Initial Life for Texas Bullet Train

Published

on

Dallas-based Texas Central Partners, LLC is the developer of a proposed high-speed rail system, dubbed the Texas Bullet Train, between Dallas and Houston. Project costs are estimated between US$ 12 billion to US$ 15 billion. The developer secured US$ 300 million in project loans from Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) and the Japan Bank for International Cooperation (JBIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

DOJ Investing Tesla Over Musk Comments

Published

on

The U.S. Department of Justice (DOJ) is conducting a fraud investigation over Tesla as its CEO Elon Musk made public statements on twitter. This is a criminal probe. In addition, earlier, SWFI reported the U.S. Securities and Exchange Commission (SEC) is conducting a civil inquiry into Elon Musk regarding his statements.

This all surrounds Musk tweeting in August that he was thinking of taking Tesla private and had “funding secured” for the transaction. Both government authorities are seeing if Musk misled investors and violated federal securities laws with his public statements.

Continue Reading

Popular

© 2008-2018 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute ® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization.