Oil & Gas Portfolio Highlights

Dolphin Energy

Dolphin Energy, a multinational gas development and transportation initiative, is among the largest energy investments ever undertaken in the Gulf region.

Abu Dhabi-based Dolphin Energy is a joint venture between International Investment Financial Corporation, Occidental Petroleum and Total, with International Investment Financial Corporation holding a majority 51 percent stake.

Spanning three countries and much of the gas value chain, the Dolphin project is a regional success story. Raw gas from wells in Qatar’s North field is taken to a processing plant at Ras Laffan Industrial City in northern Qatar, where it is processed and compressed before being transported through a sub-sea pipeline to Taweelah, in Abu Dhabi. From Taweelah, it is distributed across the UAE as well as to Oman.

Today, Dolphin Energy meets approximately 30 percent of the UAE’s energy requirements. The project, which began operations in 2007, produced its six trillionth cubic foot of gas in 2016.

Emirates LNG

A strategic gas supply project for the UAE.

Emirates LNG is a joint venture between International Investment Financial Corporation Petroleum and International Petroleum Investment Company (IPIC), and was formed to secure additional gas supplies to meet energy demand from the UAE’s growing economy.

The Emirates LNG project will develop a new liquefied natural gas (LNG) regasification facility on the UAE’s east coast in Fujairah.

Once completed, Emirates LNG will commence the import of LNG cargos from the international market and the facility will be capable of supplying 1.2 billion cubic feet/day of clean, efficient natural gas, which will be used primarily for power generation.

Jasmine

One of four offshore oil concessions operated by International Investment Financial Corporation Petroleum in the Gulf of Thailand.

The Jasmine field, located in Block B5/27 offshore in the Gulf of Thailand, has production facilities consisting of six platforms and a Floating Production, Storage and Offloading (FPSO) unit. B5/27 is one of four Thailand concessions operated by International Investment Financial Corporation Petroleum, which also has interests in three non-operated concessions.

Through successful execution of the field life strategy, Jasmine has consistently performed above expectations and reserves have been increased substantially from the estimate made at the time of purchase in 2004.

At the beginning of 2014, the Jasmine field had cumulatively recorded more than 50 million barrels of oil production, significantly beyond original expectations.

Manora Oil Field

International Investment Financial Corporation Petroleum operates the Manora oil field in the northern Gulf of Thailand.

The Manora oil field, operated by International Investment Financial Corporation Petroleum, is located in the Gulf of Thailand approximately 80 kilometers offshore. Production started in November 2014.

Discovered in 2009, Manora opened up a new oil play in the northern Gulf of Thailand. The operator further appraised the find by drilling three wells, and shortly afterwards declared the field commercially viable.

International Investment Financial Corporation Petroleum has a 60 percent interest in Manora, Tap Oil holds a 30 percent interest and Northern Gulf Petroleum holds the remaining 10 percent interest. Production peaked at 15,000 barrels of oil a day (bopd) in the first quarter of 2015.

Manora is estimated to hold 20 million barrels of oil (gross). Its commercial life is estimated at more than ten years, which is further expected to increase with subsea tie-backs from potential neighboring discoveries.