News
Mubadala Energy Enters Major U.S. Upstream Gas and LNG Operation with Kimmeridge
• Equity investment into Kimmeridge’s SoTex HoldCo marks Mubadala Energy’s U.S. market entry and ambitious expansion strategy • Kimmeridge’s highly scalable upstream gas and LNG business comprises currently producing upstream gas assets and a pre-FID LNG project
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Collaboration Agreement Signed Between Mubadala Energy and Perusahaan Listrik Negara (PLN) to Explore Harnessing Natural Gas Discoveries
Mubadala Energy, the Abu Dhabi headquartered international energy company, and Perusahaan Listrik Negara (PLN), Indonesia’s leading electric power distribution company, have today signed a Memorandum of Understanding (MoU).
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Mubadala Energy’s 2023 Sustainability Report Heralds Major Strides in Decarbonization Journey
66% reduction in Scope 1 and 2 greenhouse gas emissions Pledge to plant 700,000 mangroves in the UAE by 2030
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Mubadala Energy Expands Andaman Sea Position
Company Secures Additional Acreage in Strategic Central Andaman Block Successful Completion of Drilling Campaign Provides Pathway for Development Plan
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Mubadala Energy Announces Second Consecutive Significant Gas Discovery in South Andaman, Indonesia
Back to Back discovery with potential for over 2 TCF of gas-in-place positions South Andaman as one of the world’s most important gas plays Abu Dhabi, United Arab Emirates, 13 May, 2024 –Mubadala Energy, the international energy company headquartered in Abu Dhabi and the operator of the South Andaman Gross Split PSC, today announced another substantial gas discovery from the Tangkulo-1 Exploration well, drilled in South Andaman, about 65 kilometres offshore North Sumatra, Indonesia. The discovery marks the second deep water well operated by the company. Tangkulo-1 was drilled to a depth of 3,400 meters in 1,200 meters water depth, just a few months after the major discovery at the Layaran-1 well, also in South Andaman. The Tangkulo-1 well encountered 80 meters of gas column in a good quality Oligocene sandstone reservoir confirmed through an extensive data gathering campaign that includes obtaining a full core of 72 meters, wireline logging, sidewall core, pressure and fluid sampling. Utilizing a new Drill Stem Test (DST) design, the well successfully flowed 47 mmscf/d of excellent gas quality and 1,300 barrels of condensate. Although testing was constrained by testing facilities, the estimated well capacity is 80-100mmscf/d and over 2,000 barrels of condensate. Mansoor Mohammed Al Hamed, CEO, Mubadala Energy, commented: “When added to our recent success…
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Mubadala Energy Announces Major Gas Discovery in South Andaman, Indonesia
Discovery with potential for over 6 TCF of gas-in-place marks a major development for the Southeast Asia energy landscape Abu Dhabi, United Arab Emirates, 19th December, 2023 – Mubadala Energy, the international energy company headquartered in Abu Dhabi, today announced a significant gas discovery from the Layaran-1 Exploration well, drilled in South Andaman, about 100 kilometres offshore North Sumatra, Indonesia. Mubadala Energy is the operator of the South Andaman Gross Split PSC and this is the first deep water well operated by the company, drilled to a depth of 4,208 meters in 1,207 meters water depth. The well encountered an extensive gas column with a thickness of over 230 meters in an Oligocene sandstone reservoir. A complete data acquisition including wireline, coring, sampling and production test (DST) were conducted. The well successfully flowed over 30mmscf/d of excellent gas quality. With an 80% working interest in South Andaman, Mubadala Energy is…
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Mubadala Energy Partners with Pertamina Geothermal Energy and Chevron to Explore Geothermal Opportunities in Indonesia
Joint Study Agreement in line with Mubadala Energy’s strategy to play an active role in the energy transition by exploring investments in new energy sectors Washington DC, 14 November 2023 – PT Pertamina Geothermal Energy Tbk (PGE) (IDX: PGEO) announced its cooperation with Chevron New Energies International (Chevron) and Mubadala Energy to embark on a Joint Study Agreement (JSA) to explore the geothermal potential in Kotamobagu, North Sulawesi, Indonesia. The JSA was signed during President Joko Widodo’s visit to the United States and witnessed by the Deputy Coordinating Minister for Maritime & Investment Affairs, Jodi Mahardi , Ambassador of The Republic of Indonesia for United States of America, Rosan Roeslani, President Director & CEO PT Pertamina (Persero), Nicke Widyawati and Country Manager Chevron Indonesia, Wahyu Budiarto. The JSA aims to capitalize on the companies’ complementary strengths and experience. It will bring together PGE’s experience and scale as the largest geothermal…
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Under the framework of the Abu Dhabi Mangrove Initiative, Mubadala Energy joins Environment Agency – Abu Dhabi’s commitment to nature-based solutions, planting 700,000 Mangroves
Company also signs Abu Dhabi Mangrove Initiative Pledge, launched by the Environment Agency – Abu Dhabi to support a range of mangrove and blue carbon conservation initiatives. Abu Dhabi – 3 October, 2023: Mubadala Energy, the Abu Dhabi-based international energy company, has announced a major commitment to enhancing the role of nature – based solutions by planting 100,000 mangroves a year until 2030. The company is one of the first to join forces with the Environment Agency -Abu Dhabi (EAD) and its Abu Dhabi Mangrove Initiative to accelerate conservation and research efforts around mangroves, supporting the UAE’s net zero goals and the Mangrove Alliance for Climate (MAC). The ADMI Partner’s Pledge signed by Mubadala Energy establishes a framework to help conserve and restore mangroves and other blue carbon ecosystems in the UAE and globally. It aims to recognize the huge impact of nature-based solutions that these ecosystems provide, while helping…
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Mubadala Energy’s 2022 Sustainability Report Signals its Intensified Focus on Decarbonisation Initiatives
Latest report covers key Environment, Social and Governance (ESG) priorities with notable enhancements on GHG emissions and energy intensity performance indicators.
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Mubadala Energy and Pertamina Collaborate on Carbon Capture, Utilization and Storage applications in Indonesia
Collaboration will focus on CCUS, in line with Mubadala Energy’s commitment to delivering its low carbon energy strategy
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Mubadala Energy and Masdar Collaborate on Decarbonization and Energy Transition Initiatives
Collaboration set to leverage expertise to accelerate decarbonization of Mubadala Energy’s portfolio in line with energy transition strategy, and explore growth in targeted new energy investments Announcement comes as the United Arab Emirates prepares to host COP28, and supports the country’s net-zero and sustainability commitments.
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Mubadala Energy, OMV and PARCO join forces to explore opportunities in sustainable fuels
Abu Dhabi – 19th January, 2023: Mubadala Energy, the Abu Dhabi-based international energy company, has announced the signing of a Memorandum of Understanding (MoU) with OMV Downstream GmbH (OMV) and Pak-Arab Refinery Limited (PARCO) to explore opportunities in sustainable fuels and feedstock production in Pakistan.
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Mubadala Energy Unveils Sustainability Strategy
New brand for Mubadala Petroleum in line with its 2030 strategy to play a key role in the energy transition. Mubadala Energy will expand across the gas value chain, while exploring investment opportunities in new energy sectors such as blue hydrogen and carbon capture Abu Dhabi, 6th September, 2022: Mubadala Petroleum, the Abu Dhabi headquartered international energy company, has unveiled its new brand name: Mubadala Energy.
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Mubadala Energy Reports Further Positive Momentum in its Southeast Asia portfolio with another New Gas Discovery in Malaysia
Discovery follows successful commencement of Pegaga flagship gas project in Malaysia Abu Dhabi, United Arab Emirates, 20 September 2022: Mubadala Energy, the Abu Dhabi headquartered international energy company, has confirmed the discovery of a good quality gas reservoir penetrated by the Cengkih-1 exploration well in Block SK320, off the coast of Sarawak province, offshore Malaysia. Preliminary analysis shows a significant gas column of more than 110 metres within the pinnacle carbonate reef reservoir. Mansoor Mohamed Al Hamed, CEO Mubadala Energy, commented: “This discovery further cements our position in Malaysia as a reliable and trusted operator with deep technical capabilities. Gas demand in Southeast Asia continues to grow and we look forward to helping meet those energy needs, in line with our strategy to play an active role in the energy transition.” The Cengkih-1 exploration well is located nearby the Pegaga field, one of the fields under within the SK320 Block,…
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Mubadala Energy Launched
New brand for Mubadala Petroleum in line with its 2030 strategy to play a key role in the energy transition. Mubadala Energy will expand across the gas value chain, while exploring investment opportunities in new energy sectors such as blue hydrogen and carbon capture Abu Dhabi, 6th September, 2022: Mubadala Petroleum, the Abu Dhabi headquartered international energy company, has unveiled its new brand name: Mubadala Energy.
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Positive gas discovery at the Andaman Acreage Following Exploration Drilling Campaign in Indonesia
Abu Dhabi, United Arab Emirates, 13 July, 2022: Mubadala Petroleum, the Abu Dhabi headquartered international energy company, today announced that the drilling of the Timpan-1 exploration well located 150 kilometers offshore North Sumatra, Indonesia, has been completed with the discovery of a 390 foot gas column in high net to gross fine-grained sandstone reservoir.
Learn moreReaching the milestone of 500,000 barrels of oil equivalent per day
Landmark attributable to strategic investments and operational innovation across the portfolio Abu Dhabi, United Arab Emirates, 1 June, 2022: Mubadala Petroleum, the Abu Dhabi headquartered international energy company
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