Who We Are

About Mubadala Energy

Established in 2012 as Mubadala Petroleum, in 2022 we became Mubadala Energy.

Our bold proposition reflects our new strategy for the future, focused on expanding across the gas value chain and into new energy sectors to play our part in the energy transition.

Mubadala Energy is now a leading international energy company. We manage assets and operations spanning 11 countries, with a primary geographic focus on the Middle East and North Africa, Russia and Southeast Asia.

With a unique, global track record of operational excellence, innovation and steadfast focus on value creation, we are Energizing the Future.

Our Purpose

is to leverage our strength in natural gas to produce responsible, sustainable, low-carbon energy that powers people and their communities, creates long-term value and supports the energy transition as a bridge to a low-carbon future.

Our Vision

is to be the international future energy champion for Abu Dhabi by expanding across the gas value chain and actively participating in new energy sectors for a sustainable future.

Our Mission

is to be a resilient, international low-carbon energy company.

Our History

2002

June

Dolphin Energy is incorporated with Mubadala as a 51 percent shareholder

2003

May

Heads of Agreement signed with ADWEC for supply of first Dolphin pipeline gas

2004

May

Mubadala Energy & Industry Unit is founded

2005

June

The first oil is produced from the Jasmine oil field in Thailand

July

Production Sharing Contract signed for Block 53 in Oman containing the Mukhaizna oil field

2007

July

The first gas from Qatar begins flowing through the Dolphin export pipeline across the Arabian Gulf

2008

January

Dolphin Energy project gas flow reaches 2 billion standard cubic feet per day

May

Mubadala acquires Pearl Energy with operated exploration, development and production assets in Southeast Asia

August

Production commences at the Ban Yen field adjacent to the Jasmine field in Thailand

2010

February

Mubadala enters Malaysia with the signing of a Production Sharing Contract for SK320 with Petronas Carigali as partner

2013

May

Mubadala Petroleum signs Production Sharing Contract for West Sebuku in Indonesia as operator

October

Ruby gas field commences production

2014

February

Successful exploration drilling campaign in SK320, offshore Malaysia, yields three new discoveries

November

Manora oil field in Thailand starts production

2015

June

Nong Yao oil field in Thailand starts production

2016

January

Dolphin Energy produces six trillionth cubic foot of gas

2017

March

Ruby gas field produces the 100 billionth cubic feet of gas

2018

April

Signing Production Sharing Contract for Andaman I (operator) and Andaman II (30 percent interest) in Indonesia

June

Acquisition of 10 percent interest in the Shorouk Concession comprising the Zohr gas field, marks entry into Egypt

September

10 millionth barrel of oil from Nong Yao Field in Thailand

Acquisition of a 44 percent interest in the Gazpromneft-Vostok joint venture, marks entry into Russia

December

Acquire 20 percent interest in Nour exploration concession in Egypt

2019

October

Signing of PSC for G1/61 with Erawan gas field with partner PTTEP in Thailand

Signing of Gross Split PSC for South Andaman as operator in Indonesia

2020

June

Development drilling at Malaysia’s Pegaga field commenced

September

Launch of the inaugural Mubadala Petroleum Sustainability Report

2021

May

Started to manage shareholder’s interest in the Pak-Arab Refinery Company (PARCO) in Pakistan and the Arab Petroleum Pipelines Company (SUMED) in Egypt.

December

acquisition of a 22 percent stake in the Tamar gas field, off-shore Israel

2022

April

Pegaga gas field in Malaysia starts production

May

Production milestone of 500,000 Barrels of Oil Equivalent a Day (boed)

July

Gas discovery in the Andaman II block, adjacent to the operated Andaman I & South Andaman blocks in Indonesia

August

Gas discovery at the Cengkih-1 exploration well, offshore Block SK320 in Malaysia

September

Mubadala Petroleum becomes Mubadala Energy

“Our new strategy is a bold evolution for our business. It will create significant opportunities, and I know this strategy is right for us, for our people and for our shareholder.”

Mansoor Mohamed Al Hamed,
CEO Mubadala Energy

Our Strategy

informed by an extensive assessment of current and future market dynamics and underpinned by three key realities

The energy transition

is driving change in our industry, with gas acting as a key bridging fuel to a lower carbon future. We must actively play our part in this evolution.

ESG is a major driver

of investment decisions for all industries, including ours.

Our shareholder

as well as the Abu Dhabi and UAE governments, is committed to accelerating progress in both areas.

How has this shaped our strategy?

Through this strategy, Mubadala Energy’s future will be better aligned with long-term energy demand and decarbonization trends while creating opportunities for growth and development.

We are leveraging our strength in natural gas to produce responsible, low-carbon energy that powers people and their communities, creates long-term value and supports the energy transition. This is our purpose as a business.

To achieve this we have refocused our efforts to expand across the gas value chain while also embracing new energy sectors that help deliver a sustainable future.

To realize new opportunities, we are adapting the business to expand capabilities and capacity.

Mubadala Investment Company

Mubadala Energy is a wholly-owned subsidiary of Mubadala Investment Company (Mubadala), which is owned by the Government of Abu Dhabi.

Mubadala is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for its shareholder, the Government of Abu Dhabi.

Mubadala’s US $284 billion portfolio spans five continents with interests in multiple sectors including aerospace, ICT, semiconductors, metals and mining, energy, utilities, healthcare, real estate, pharmaceuticals and medical technology, agribusiness and a global portfolio of financial holdings across all asset classes. Mubadala has offices in Rio de Janeiro, Moscow, New York and San Francisco, with a joint venture in Hong Kong.

Mubadala is a trusted partner, an engaged shareholder and a responsible global company that is committed to world-class standards of governance.

To learn more about Mubadala, please visit: www.mubadala.com

Our Leadership

Mansoor Mohamed Al Hamed

Chief Executive Officer

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Mansoor Mohamed Al Hamed Chief Executive Officer

Mansoor Al Hamed was appointed Chief Executive Officer of Mubadala Petroleum in February 2021. Prior his appointment he held the position of Chief Growth Officer where he was responsible for all new business development and Mergers & Acquisitions activities at Mubadala Petroleum.

He brings with him more than 15 years of diverse experience in the oil and gas industry and across various disciplines of business leadership.

Mansoor joined Mubadala Petroleum in 2010. Before joining Mubadala Petroleum, he worked in a highly diversified private sector business based in the UAE, gaining experience across commercial and managerial roles held in various business sectors.

Mansoor holds a BSc degree in Business Administration from the American University in Dubai and two MSc degrees from Abu Dhabi University and National Defense College in Abu Dhabi.

Diego Felix

General Counsel

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Diego Felix General Counsel

Diego Felix is the General Counsel at Mubadala Petroleum; he joined the company in 2012 and was appointed as the company’s General Counsel in 2016, bringing in over 16 years of post-qualification legal experience, in global oil and gas.

Prior to joining Mubadala Petroleum, Diego worked at Qatar International Petroleum Marketing Company (Tasweeq) in Qatar and Occidental Exploration and Production Company in Ecuador.

He is licensed to practice law in Ecuador and California, USA. Diego received his Law Degree from Pontificia Universidad Católica del Ecuador, Quito, Ecuador and holds a Masters of Laws (LL.M.) from Harvard Law School, Cambridge, USA.

Masroor Jilani

Chief Financial Officer

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Masroor Jilani Chief Financial Officer

Masroor was appointed as Chief Financial Officer of Mubadala Petroleum in June 2017. Prior this, he held various CFO positions; at Mubadala’s Technology and Industry platform in Abu Dhabi, UAE and at CH2M Hill Energy and Chemicals in Alberta, Canada. He brings with him more than 20 years of experience in the Finance function and international business operations and strategic planning with a strong track record of value creation and delivery.

In addition to CFA and CPA certifications, Masroor holds a Bachelor’s Degree in Engineering from NED University of Engineering & Technology (Karachi, Pakistan). He also holds a Master’s Degree in Business Administration from Simon Fraser University (Vancouver, Canada).

Stefano Raciti

Senior Vice President – Global Operations

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Stefano Raciti Senior Vice President – Global Operations

Stefano Raciti has over 30 years of diversified international experience in business development, project development and asset management gained in the oil & gas and advanced materials industries. He is experienced with key aspects of Corporate and Business Development, Projects Development, Strategic Planning, Asset Management, Oil & Gas Engineering/Project Management.

He has been at Mubadala since early 2007 covering different roles including VP Business Development for Mubadala Petroleum Services, as Asset Manager at Mubadala Petroleum and most recently as the Country Manager for Malaysia, where he oversaw Mubadala Energy’s flagship Pegaga gas project from exploration to development and into production.

He has held Board positions on a number of Mubadala joint venture companies, including a Chairman of the Board role. He also held the role of Chairman of Audit and Risk Compliance Committee for a Mubadala fully owned subsidiary.

He earned a BSc cum laudae in Civil/Structural Engineering from Tennessee Technological University and MSc in Systems Engineering from Virginia Polytechnic and State University.

Ali Abu Haliqa

Senior Vice President, Human Capital & Business Services

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Ali Abu Haliqa Senior Vice President, Human Capital & Business Services

Ali Abu Haliqa is responsible for leading the Human Capital function at Mubadala Energy. Having previously held senior roles with Mubadala Investment Company, Mubadala MOG, and Mubadala BMS, he brings with him more than 12 years of experience working to deliver Human Capital strategies for a range of organizations.
Ali joined Mubadala Energy in 2016 and has successfully planned and executed a range of strategic projects including Oracle deployment, global recruitment and talent management systems, and corporate values development.
During his tenure at Mubadala Energy, Ali has also established Human Capital policies and procedures for the Abu Dhabi HQ as well as overseas offices. Through these projects he has worked closely with the company’s leadership team to drive strategic initiatives such as Emiratization, workforce planning and cost optimization.
Ali holds a BSc degree in Human Resources Management from the Abu Dhabi University in UAE and MSc degree in Human Resources Management from Abu Dhabi University.

Board of Directors

Musabbeh Al Kaabi

Chief Executive Officer, UAE Investments, Mubadala Investment Company, Chairman of the Board, Mubadala Energy

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Musabbeh Al Kaabi Chief Executive Officer, UAE Investments, Mubadala Investment Company, Chairman of the Board, Mubadala Energy

Musabbeh Al Kaabi is the Chief Executive Officer of Mubadala’s UAE Investments platform. The platform contributes to the acceleration of the UAE’s economic transformation, and invests in national world-class champions, fostering vibrant industrial and commercial clusters, and partnering with leading global entities.

Prior to his current role, Mr. Al Kaabi was responsible for the company’s substantial international energy portfolio as CEO of the Petroleum & Petrochemicals platform from 2017 to 2020. As CEO, he oversaw an integrated portfolio of investments valued in excess of $40 billion USD with over 10 asset companies operating along the energy value chain. Prior to this role, he served as CEO of Mubadala Petroleum from 2014 to 2017.

Mr. Al Kaabi began his career at the Abu Dhabi National Oil Company (ADNOC) where he spent 16 years during which he held a series of increasingly senior technical and managerial roles, rising to lead ADNOC’s Exploration Division.

He holds a Bachelor of Science degree in Geophysical Engineering from Colorado School of Mines and a Master of Sciences in Petroleum Geoscience from Imperial College, London.

Board Positions: Chairman of Yahsat, Vice Chairman of Borealis, Masdar, Cleveland Clinic Abu Dhabi & Mubadala Health. Board member of Dolphin Energy, CEPSA, Nova Chemicals, and Emirates Global Aluminum.

Dr. Bakheet Al Katheeri

Executive Director – UAE Industries, UAE Investments, Mubadala Investment Company

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Dr. Bakheet Al Katheeri Executive Director – UAE Industries, UAE Investments, Mubadala Investment Company

Dr. Bakheet is the Executive Director of UAE Industries unit within Mubadala’s UAE Investments platform. The platform contributes to the acceleration of the UAE’s economic transformation, and investing in national world class champions, fostering vibrant industrial and commercial clusters, and partnering with world-class global entities.

With over 20 years of diverse experience in the energy sector, Dr. Bakheet is a member of industry Boards and committees in the UAE including, Cepsa, Oil Search, Mubadala Petroleum and Emirates Global Aluminum.

Before joining Mubadala Dr. Bakheet held positions at Abu Dhabi National Oil Company (ADNOC), leading the production and facilities engineering for five of its operating companies covering all offshore operators in Abu Dhabi.

Dr. Bakheet holds a BSc degree in Petroleum Engineering and applied Mathematics from the University of Tulsa (Oklahoma, USA) and MSc in Environmental Science from UAE University. He also holds an Executive MBA from HCT, UAE and a Doctorate of Business Administration from the College of Business and Economics, UAE University.

Muhannad Al Qudah

Chief Financial Officer, UAE Investments, Mubadala Investment Company, Board Member of the Audit & Risk Committee of YahSat, STRATA, Sanad AeroTech and Abu Dhabi Airports Company

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Muhannad Al Qudah Chief Financial Officer, UAE Investments, Mubadala Investment Company, Board Member of the Audit & Risk Committee of YahSat, STRATA, Sanad AeroTech and Abu Dhabi Airports Company

Muhannad Al Qudah is the Chief Financial Officer of Mubadala’s UAE Investments platform, looking after the financial needs of Mubadala’s assets across the sectors of aerospace manufacturing, telecommunication, satellite, mega data centers, utilities and renewable energy. Muhannad brings to the CFO role nearly 20 years of experience and is currently responsible for strategic financial planning, budgeting, performance scorecard, valuations, structured finance, management & business performance analysis, in addition to statutory reporting, controllership & governance.

With almost 12 years at Mubadala, he has held several leading positions including Finance Manager, Senior VP Finance, and Finance Director.

Having worked with a number of international companies in the MENA Region, Muhannad has strong multicultural experience and thrives on working in diverse geographies and marketplaces.

Prior to joining Mubadala, he was a Finance Manager at Dubai Holding, where he was overseeing various investments related to real estate and hospitality. Before that, he worked with reputable telecommunication companies including du, Saudi Telecom Company and Zain where he was managing their accounting and financial needs.

In addition to his role at Mubadala, Muhannad serves as a Board Member of the Audit & Risk Committee of YahSat, STRATA, Sanad AeroTech and Abu Dhabi Airports Company.

Muhannad holds an MBA from London Business School, American Certified Management Accountant (CMA), American Certified Financial Manager (CFM) and a bachelor’s degree in accounting & finance.

Marwan Nijmeh

Deputy Chief Legal Officer, Mubadala Investment Company

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Marwan Nijmeh Deputy Chief Legal Officer, Mubadala Investment Company

Marwan Naim Nijmeh is the Deputy Chief Legal Officer at Mubadala Investment Company. He oversees certain legal operations across the Mubadala Group, in addition to being the General Counsel of UAE Investments at Mubadala Investment Company.

Previously he served as General Counsel of a number of Mubadala Group assets including Masdar, the renewable energy company. Before joining Mubadala, Mr. Nijmeh worked as a senior associate at international law firms including Allen & Overy and Simmons & Simmons.

He holds a BA of Law from the University of Jordan and an MA of Law (LLM) from the University of Manchester.

Board Positions: Minnesa and CEPSA.

Dr. Alyazia Al Kuwaiti

Executive Director of Energy, Mubadala Investment Company

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Dr. Alyazia Al Kuwaiti Executive Director of Energy, Mubadala Investment Company

Dr. Alyazia Ali Al Kuwaiti is the Executive Director of Energy within the Direct Investments platform. In this role, she is responsible for ensuring the effective management of the global energy operating companies within this portfolio, including oversight of the companies’ business plans, growth strategies and overall performance.

Alyazia previously served as the Executive Director, Upstream & Integrated and Director of the Midstream and Upstream Investments Department at the International Petroleum Investment Company (IPIC). Prior to that, she worked at Abu Dhabi Gas Industries Ltd. (GASCO).

Alyazia plays an active role in accelerating the professional development of young Emiratis, she is also a strong advocate for the advancement of women in both the local workforce and, more broadly, in the international oil and gas industry. In 2013, she was named winner of the Career Achievement Category by the Emirates Women’s Awards for her achievements as a leading female figure in the nation’s energy investments industry.

Alyazia is a board member of CEPSA, OMV, the Emirates Securities & Commodities Authority and the Abu Dhabi Fund for Development.

Alyazia holds a Bachelor’s degree in Accounting and Finance from Portobello College in Dublin, Ireland; a Master’s degree in International Business from the University of Wollongong in Dubai; and a PhD in Business Administration from UAE University on the topic of Corporate Governance in Publicly Listed Companies.

Pedro Miro Roig

Independent Senior Advisor and former CEO of CEPSA

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Pedro Miro Roig Independent Senior Advisor and former CEO of CEPSA

Pedro Miró is the former CEO of CEPSA, the Spanish Oil & Gas company which he joined as a trainee in 1976. During his career at CEPSA, he held a wide range of senior roles including as Director of the Corporate Research Center, Vice President of Exploration & Production and Senior Vice-President of Technical Operations, overseeing the Group’s refining and power activities as well as various corporate divisions, including HSE (Health, Safety and Environment) and Technology.

As a representative of CEPSA, Mr. Miró was also Chairman of MEDGAZ, one of the most significant projects in the gas sector in recent years, heading this company from the time of its establishment in 2000 until the start-up of the deepwater gas pipeline in March 2011.

In August 2011, he was named Chief Operating Officer of CEPSA and in January 2012, he was appointed to CEPSA’s Board of Directors and Executive Committee. Following this, in July 2016, he was named Chairman of the Board of Trustees of the newly-created Fundación CEPSA.

Mr. Miró actively serves in a number of Spanish and international associations. He is a member of the Boards of Trustees of both the Princess of Asturias Foundation, and FUNSEAM (Fundación para la Sostenibilidad Energética y Ambiental).

He has served on the Boards of various other affiliates of the CEPSA Group, having been Chairman of Asesa, Detisa, Gepesa, CEPSA Gas Comercializadora, CEPSA Química, CEPSA Química Becancour and Detén.

Mr. Miró has also been a member of the Board of Directors of CLH (Compañía Logística de Hidrocarburos) and has served as Deputy Chairman of Europia (European Petroleum Industry Association), Board Member of Concawe, Deputy Chairman of AOP (Association of Petroleum Operators) and Founding Trustee of Corporación Tecnológica de Andalucía.

Omar Eraiqat

Co-Head of Credit Investments, Mubadala Investment Company

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Omar Eraiqat Co-Head of Credit Investments, Mubadala Investment Company

Omar Eraiqat is the Co-Head of Credit Investments at Mubadala Investment Company, the Abu Dhabi-based sovereign investor managing a US $243 billion portfolio spanning six continents with interests in multiple sectors and asset classes. As a founding member of the Credit Investments unit, Omar has been instrumental in mapping its strategy and achieving the growth and development target of the business. He is also a member of the Investment Committee for Mubadala’s Disruptive Investments platform.

Since joining Mubadala in 2007, Omar has held a number of senior roles within the company. He was a member of Mubadala’s Specialty Finance unit, which was mandated with the development and growth of the joint venture between Mubadala and GE Capital that co-invested globally in a variety of asset classes in the credit space, primarily in leveraged loans and real estate financing. During this time, Omar played a critical role in driving the growth of the joint venture to reach US $5.5 billion of assets under management,

Omar was also previously a member of Mubadala’s Structured Finance and Capital Markets team, where he worked on structuring and executing a number of large transactions in a range of industries across Mubadala’s portfolio. He was a key member of the team that completed the recapitalization of National Central Cooling Company PJSC (Tabreed) in 2011, one of the first major successful restructurings of a publicly listed company in the United Arab Emirates.

Prior to joining Mubadala, Omar held positions with HSBC and Abu Dhabi Investment Company.

Omar holds a Bachelor’s degree in Finance and Marketing from the American University of Sharjah, UAE.

Maurizio La Noce

Independent Senior Advisor, Mubadala Investment Company

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Maurizio La Noce Independent Senior Advisor, Mubadala Investment Company

Mr. La Noce is an Independent Senior Advisor at Mubadala Investment Company, focusing on various North and South American assets in the investment portfolio.

Until December 2020, Mr. La Noce was Senior Advisor to the Chief Executive Officer of the Mubadala Petroleum and Petrochemical Platform, responsible for the management of assets valued in excess of $44 billion along the hydrocarbon value chain. Mr. La Noce directly supported the CEO in managing a variety of strategic and tactical investments and M&A activities critical to the business.

From 2011 and 2014, Mr. La Noce served as CEO of Mubadala Petroleum, the wholly owned subsidiary of Mubadala, successfully investing in oil & gas exploration and production in the Eastern Hemisphere.

Mr. La Noce led Mubadala’s Industry, Energy and Oil & Gas business units from 2004 to 2010.

Before joining Mubadala, Mr. La Noce held several senior commercial and leadership positions in Atlantic Richfield (ARCO) and ENRON International while serving in various international assignments in Milan, London, Dallas and the United Arab Emirates.

Mr. La Noce currently serves on the Boards of Mubadala Petroleum and NOVA Chemicals.

Mr. La Noce earned a degree in Industrial Electronics in Milan, Italy, and received his hydrocarbons education at the Oxford College of Petroleum Studies in the United Kingdom. In 2009 he was made “Commendatore of the Italian Republic” by the 11th President of Italy, Dott. Giorgio Napolitano for his contributions to the promotion of strong business and social ties between Italy and the UAE.

Mr. La Noce has served on the Boards of Emirates Aluminium‎, The Abu Dhabi Future Energy Company (Masdar), Global Foundries of the US, Spyker Cars NV, Saab of Sweden, London Array Ltd.

Board Positions: Nova Chemicals and EGA America

Governance

Mubadala Petroleum’s business is further governed by policies, standards and procedures.

Code of Ethics

As a wholly-owned subsidiary of Mubadala Investment Company (Mubadala), the Mubadala Code of Ethics (The Code) sets forth our standards for business conduct that will allow us to execute against our mandate without compromising our commitment to integrity and the law. It also provides the foundation for the Ethics & Compliance Program. The Code covers how to maintain an ethical culture to ensure that Mubadala Energy personnel are doing the right thing, the right way.

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Business Partners Code of Conduct

Mubadala Petroleum maintains the highest ethical standards in its business activities and expects the same from its Business Partners. Acting ethically requires, but is not limited to, complying with all applicable laws and regulations and conducting business with respect for principles of human rights and decency when interacting with both colleagues and external parties.

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