Mubadala Energy expands in Andaman Sea with block award, drilling success
OIL & GAS

Mubadala Energy expands in Andaman Sea with block award, drilling success

Mubadala Energy, based in Abu Dhabi, has acquired a 40 per cent stake in the Central Andaman block as part of its expanding exploration efforts in the Andaman Sea. This stake was awarded by the Indonesian oil and gas regulator, MIGAS, with Harbour Energy retaining a 60 per cent operating interest. The acquisition follows a recent Indonesian licensing round and supports Mubadala Energy's growth strategy in the region.

In addition to securing the new block, Mubadala Energy has successfully completed its South Andaman drilling campaign, which confirmed the multi-TCF potential of the Andaman Sea basin. This campaign involved the appraisal of the Layaran discovery through wells Layaran-1, Tangkulo-1, Layaran-2, and Layaran-2ST1, and it utilized advanced technology and deep-water expertise to ensure efficient and safe operations.

Adnan Bu Fateem, Chief Operating Officer of Mubadala Energy, emphasized that the successful bid for the Central Andaman block marked a significant strategic milestone, which would open up further opportunities. He noted that the company's operational expertise and deep understanding of the basin positioned them to unlock the potential of both South and Central Andaman. He also expressed anticipation in working with partners and government stakeholders to develop these projects.

Abdulla Bu Ali, President Director of Mubadala Energy Indonesia, commented on the safe and successful completion of the South Andaman drilling campaign, stating that the results were a major achievement for the team and a key milestone for the company. He highlighted that the campaign would support Indonesia’s energy transition and energy security goals.

The multi-well campaign in South Andaman and Andaman II allowed Mubadala Energy and its partners to confirm substantial in-place discovered resources. These resources are expected to play a significant role in the energy landscape of Indonesia and Southeast Asia. Mubadala Energy is now developing a strategy to bring these resources into production as swiftly as possible.

Mubadala Energy, based in Abu Dhabi, has acquired a 40 per cent stake in the Central Andaman block as part of its expanding exploration efforts in the Andaman Sea. This stake was awarded by the Indonesian oil and gas regulator, MIGAS, with Harbour Energy retaining a 60 per cent operating interest. The acquisition follows a recent Indonesian licensing round and supports Mubadala Energy's growth strategy in the region. In addition to securing the new block, Mubadala Energy has successfully completed its South Andaman drilling campaign, which confirmed the multi-TCF potential of the Andaman Sea basin. This campaign involved the appraisal of the Layaran discovery through wells Layaran-1, Tangkulo-1, Layaran-2, and Layaran-2ST1, and it utilized advanced technology and deep-water expertise to ensure efficient and safe operations. Adnan Bu Fateem, Chief Operating Officer of Mubadala Energy, emphasized that the successful bid for the Central Andaman block marked a significant strategic milestone, which would open up further opportunities. He noted that the company's operational expertise and deep understanding of the basin positioned them to unlock the potential of both South and Central Andaman. He also expressed anticipation in working with partners and government stakeholders to develop these projects. Abdulla Bu Ali, President Director of Mubadala Energy Indonesia, commented on the safe and successful completion of the South Andaman drilling campaign, stating that the results were a major achievement for the team and a key milestone for the company. He highlighted that the campaign would support Indonesia’s energy transition and energy security goals. The multi-well campaign in South Andaman and Andaman II allowed Mubadala Energy and its partners to confirm substantial in-place discovered resources. These resources are expected to play a significant role in the energy landscape of Indonesia and Southeast Asia. Mubadala Energy is now developing a strategy to bring these resources into production as swiftly as possible.

Next Story
Infrastructure Transport

Maharashtra Government Directs BMC to Complete Road Concretisation by May 31

The Maharashtra Government has instructed the Brihanmumbai Municipal Corporation (BMC) to complete all ongoing road concretisation work in Mumbai by May 31 and not to undertake any new projects.This decision was taken during a meeting convened by Speaker Rahul Narvekar with Mumbai MLAs to address concerns over alleged mismanagement and irregularities in the road concretisation work.According to news reports, the meeting also decided that a review of the progress would be conducted by the end of April. Additional Municipal Commissioners have been directed to coordinate with various utility agen..

Next Story
Technology

AI-powered laser welding from TRUMPF boosts auto manufacturing quality

TRUMPF is using artificial intelligence (AI) to increase productivity in automotive manufacturing. The high-tech company has developed an AI solution that checks the quality of components, such as batteries for electric cars, immediately after laser welding, identifies possible defects and enables repairs in the laser welding station. "This enables users to reduce their manufacturing costs because the AI solution can replace other time-consuming quality inspections," says Martin Stambke, the TRUMPF product manager responsible for AI quality inspection. The first customers from the automotive i..

Next Story
Real Estate

Real estate expects boost as RBI MPC meeting nears with rate cut hopes

The Monetary Policy Committee is scheduled to convene on April 7, 8, and 9, 2025, to assess the current economic landscape and determine the direction of interest rates. Experts and industry stakeholders are closely monitoring the meeting, as any decision regarding a potential change in the repo rate could have significant implications for borrowing costs, market liquidity, and overall economic momentum. The outcome of this review will play a crucial role in shaping financial and investment strategies across various sectors. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd...

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?