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
Photo: Mubadala Petroleum