Tap negotiates hedging program for Manora field

TAP Oil has hedged against an oil price downturn this month, negotiating a commodity swap with BP Singapore covering 30,000 barrels of oil from the Manora oilfield in the northern Gulf of Thailand it shares with the UAE’s Mubadala Petroleum. 

Tap negotiates hedging program for Manora field Tap negotiates hedging program for Manora field Tap negotiates hedging program for Manora field Tap negotiates hedging program for Manora field Tap negotiates hedging program for Manora field

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Under the hedging agreement the 30,000bbl will be covered at US$61 a barrel, hedged against the July Dubai crude price.

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