Singapore-listed KrisEnergy said on Wednesday that it plans to buy the remaining stake in a Thai oil block from Mubadala Petroleum for $102.5 million.

The G10/48 block is estimated to hold 19.6 million bbl of oil.

Production is expected to begin in the second half of 2015, KrisEnergy said in a statement.

In 2009, KrisEnergy purchased 25 percent of the non-operated working capital, and plans to take over the entire issued and paid up share capital through this transaction.



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