Mubadala Petroleum Gets Approval to Develop Vietnam Gas Field

Gets government approval to develop Ca Rong Do field in 07/03 area, U.A.E. state-run news agency WAM reports.

Mubadala Petroleum expects to invest $450m to develop the field

Mubadala Petroleum owns 21.25% stake in the field, Repsol 46.75%, PetroVietnam 14.25%, Pan Pacific Petroleum 5%

Sale purchase agreed between partners and PetroVietnam

Source: Bloomberg

Photo: Mubadala Petroleum