Mubadala Energy, the Abu Dhabi-based international energy company, has announced two significant milestones in its exploration activities in the Andaman Sea.
The company, in partnership with Harbour Energy, has been awarded the Central Andaman license by MIGAS, Indonesia’s oil and gas regulator, as part of the recent Indonesian licencing round. Harbour Energy will operate the block with a 60% interest, while Mubadala Energy holds a 40% stake. This acquisition enhances Mubadala Energy’s strategic growth in the Andaman Sea, adding to the basin’s prospectivity and furthering the company’s exploration footprint in the region.
Additionally, Mubadala Energy has successfully completed the South Andaman drilling campaign, which included the appraisal of the Layaran discovery. The campaign, involving wells Layaran-1, Tangkulo-1, Layaran-2, and Layaran-2ST1, demonstrated the multi-TCF (trillion cubic feet) potential of the Andaman Sea basin. The exploration and testing activities employed advanced technology and deep-water capabilities, ensuring an efficient and safe drilling campaign.
Adnan Bu Fateem, chief operating officer of Mubadala Energy, commented on the latest developments, stating: “The successful bidding for the Central Andaman block is an important strategic development that will unlock further potential opportunities. Capitalising on our operational capabilities and deep understanding of the basin, we are well positioned to realise the potential of South and Central Andaman and look forward to working with our partner and government stakeholders to develop these projects.”
Abdulla Bu Ali, president director of Mubadala Energy Indonesia, added: “We are delighted to have concluded this drilling campaign successfully while maintaining safe operations. The results are not only a win for our team but also an important milestone for our company that will support Indonesia’s energy transition and energy security priorities.”
The multi-well campaign in South Andaman and Andaman II has allowed Mubadala Energy and its partners to confirm significant in-place discovered resources, which have the potential to play a vital role in the energy landscape of Indonesia and Southeast Asia. Mubadala Energy is actively developing a strategy to bring these resources into production as quickly as possible, aligning with the region’s energy transition and security objectives.
For more information visit www.mubadalaenergy.com
