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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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