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Mubadala Energy Completes the Acquisition from Eni of a 15 Percent Interest in Egypt’s Nargis Concession
Abu Dhabi, 19th February 2026: Mubadala Energy, the Abu Dhabi headquartered international energy company, announces that it has completed the acquisition from Eni of a 15 percent participating interest in the Nargis Offshore Area (“Nargis”) concession, an offshore exploration block in Egypt. In the concession, Eni now holds a 30 percent of the Contractor interest through its subsidiary, IEOC. The concession is operated by Chevron, with a 45 percent Contractor interest, with the remaining 10 percent interest owned by Tharwa Petroleum Company. The concession is in participation with the Egyptian Natural Gas Holding Company (EGAS): Contractor group 50%, EGAS 50%. Mansoor Mohammed Al Hamed, Managing Director & CEO of Mubadala Energy, said: “This acquisition of a 15 percent interest in the Nargis Concession further reinforces our long‑term commitment to Egypt, expanding our portfolio with a high‑impact growth opportunity alongside world‑class partners in the strategically important East Med region.” The Nargis…
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Mubadala Energy and PLN Energi Primer Indonesia Sign Heads of Agreement to Strengthen Indonesia’s Energy Resilience
Abu Dhabi / Bali, 3 December 2025 – Mubadala Energy, the Abu Dhabi headquartered international energy company, and PLN Energi Primer Indonesia (PLN EPI), a subsidiary of Indonesia’s energy and electricity supplier, have signed a Heads of Agreement (HoA) to supply gas from its gas fields in the Andaman Sea. This framework marks a significant milestone for Indonesia’s energy sector. Through this proposed partnership, Mubadala Energy and PLN EPI will work together to enhance Indonesia’s energy resilience and reinforce national energy security by reducing the reliance on LNG and developing sustainable solutions to address growing domestic demand. The HoA provides the foundations for prioritizing energy supply for North Sumatra and Aceh, including leveraging the potential of the Tangkulo gas field, which lies roughly 65 kilometres offshore North Sumatra, with over 2 Trillion Cubic Feet (TCF) of gas-in-place. Abdulla Bu Ali, President Director of Mubadala Energy Indonesia, commented: “This agreement reflects…
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Mubadala Energy Records Significant Momentum Across Key ESG Drivers in 2024 Sustainability Report
36.5% reduction in Scope 1 and 2 GHG emissions with 55% reduction in average emissions intensity Over 1 million people have now benefitted from community investment programs, with a 19% funding increase in 2024
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