Mubadala Energy Expands in Andaman Sea with New Block Award

12 Sep 2024 CW Team

In addition to the new block, Mubadala Energy has completed its South Andaman drilling campaign, confirming the multi-TCF potential of the Andaman Sea basin. The campaign, which included the appraisal of the Layaran discovery, involved the wells Layaran-1, Tangkulo-1, Layaran-2, and Layaran-2ST1. The exploration activities utilised advanced technology and deep-water capabilities to ensure efficient and safe operations.

Adnan Bu Fateem, Chief Operating Officer of Mubadala Energy, remarked that the successful bidding for the Central Andaman block represents a significant strategic development that will unlock further potential opportunities. He added that with their operational capabilities and deep understanding of the basin, Mubadala Energy is well-positioned to realise the potential of South and Central Andaman and is eager to collaborate with their partner and government stakeholders to develop these projects.

Abdulla Bu Ali, President Director of Mubadala Energy Indonesia, also commented on the successful and safe completion of the South Andaman drilling campaign. He noted that the results not only represent a victory for the team but also mark an important milestone for the company, supporting Indonesia’s energy transition and energy security priorities.

The multi-well campaign in South Andaman and Andaman II has enabled Mubadala Energy and its partners to confirm significant in-place discovered resources. These resources have the potential to play a key role in the energy landscape of Indonesia and Southeast Asia. Mubadala Energy is now developing a strategy to bring these resources into production as quickly as possible.

Mubadala Energy, headquartered in Abu Dhabi, has secured a 40% stake in the Central Andaman block as part of its expanding exploration activities in the Andaman Sea. The block was awarded by the Indonesian oil and gas regulator MIGAS, with Harbour Energy holding a 60% operated interest. This acquisition follows the recent Indonesian licensing round and enhances Mubadala Energy’s growth strategy in the region.In addition to the new block, Mubadala Energy has completed its South Andaman drilling campaign, confirming the multi-TCF potential of the Andaman Sea basin. The campaign, which included the appraisal of the Layaran discovery, involved the wells Layaran-1, Tangkulo-1, Layaran-2, and Layaran-2ST1. The exploration activities utilised advanced technology and deep-water capabilities to ensure efficient and safe operations.Adnan Bu Fateem, Chief Operating Officer of Mubadala Energy, remarked that the successful bidding for the Central Andaman block represents a significant strategic development that will unlock further potential opportunities. He added that with their operational capabilities and deep understanding of the basin, Mubadala Energy is well-positioned to realise the potential of South and Central Andaman and is eager to collaborate with their partner and government stakeholders to develop these projects.Abdulla Bu Ali, President Director of Mubadala Energy Indonesia, also commented on the successful and safe completion of the South Andaman drilling campaign. He noted that the results not only represent a victory for the team but also mark an important milestone for the company, supporting Indonesia’s energy transition and energy security priorities.The multi-well campaign in South Andaman and Andaman II has enabled Mubadala Energy and its partners to confirm significant in-place discovered resources. These resources have the potential to play a key role in the energy landscape of Indonesia and Southeast Asia. Mubadala Energy is now developing a strategy to bring these resources into production as quickly as possible.

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