"Mubadala Oil and Gas and its partners (KazMunayGas and ConocoPhillips) expect that the N-Block venture could potentially yield 1.5-3 billion barrels of oil in reserve after 3-4 years of exploration and development," the spokesman said.
"Given the early stages of the project, it would be premature to speculate on the production capacity (barrels of oil per day) of this venture."
The focus of the investment company's oil and gas business would centre in the Middle East and North Africa, the Caspian and Southeast Asia, he said.
"Given the early stages of the project, it would be premature to speculate on the production capacity (barrels of oil per day) of this venture."
The focus of the investment company's oil and gas business would centre in the Middle East and North Africa, the Caspian and Southeast Asia, he said.
Date:
Friday, November 13, 2009
