News
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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