Abu Dhabi – Mubasher: Mubadala Petroleum, a subsidiary of Mubadala Development, the Abu Dhabi state investment fund, said it has begun production operations at its Nong Yao oilfield in the south of Thailand.

Production at the oilfield, the third operated by Mubadala, is expected to reach 10,000 barrels of oil per day (boepd), after other work is completed at other wells.

The company said that output from the well will to be sold in the Thai market to meet local demand.

Mubadala's gross production in Thailand is set to reach around 40,000 boepd during the second half of 2015, the company said in its statement, adding that this amount is more than double the rate from last year, making it Thailand's second largest producer of black oil.