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Mubadala Energy announces new significant gas discovery in Indonesia

Monday, 13 May 2024 13:09

By ARN News Staff

WAM

The UAE's Mubadala Energy announced on Monday its second consecutive significant gas discovery in South Andaman, Indonesia.

The Tangkulo-1 Exploration well, drilled offshore north Indonesia's Sumatra, has a potential of more than 2 trillion cubic feet of gas-in-place, the company added.

Mansoor Mohammed Al Hamed, CEO, Mubadala Energy, commented, “When added to our recent success at Layaran-1, this game-changing discovery promises to transform Indonesia’s and Southeast Asia’s energy landscape and demonstrates that South Andaman is one of the world’s most exciting energy plays.

"By working with partners and harnessing our world-class technical capabilities, I am confident we can realise the full potential of this block, in line with our commitment to support the government’s ambitious development timeframes. This news also strengthens our ability to play a proactive role in the energy transition through our gas-biased strategy.”

With an 80 per cent working interest in South Andaman, Mubadala Energy is the largest net acreage holder in the area. 

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