Mubadala Energy Strengthens Andaman Sea Exploration With Strategic Licence Wins

Mubadala Energy, based in Abu Dhabi, has announced two major milestones in its Andaman exploration activities. The company, along with Harbour Energy, has secured the Central Andaman licence from MIGAS, Indonesia's oil and gas regulator. Harbour holds a 60% operated interest while Mubadala Energy holds 40%. This acquisition enhances Mubadala Energy’s growth strategy in the Andaman Sea.

Mubadala Energy also reported the successful completion of its South Andaman drilling campaign. This included the appraisal of the Layaran discovery. The campaign involved drilling Layaran-1, Tangkulo-1, Layaran-2, and Layaran-2ST1 wells. These efforts showcased the multi-TCF potential of the Andaman Sea basin.

Adnan Bu Fateem, Chief Operating Officer at Mubadala Energy, commented on this development. He said, "The successful bidding for the Central Andaman block is an important strategic development that will unlock further potential opportunities. Capitalising on our operational capabilities and deep understanding of the basin we are well positioned to realize the potential of South and Central Andaman and look forward to working with our partner and government stakeholders to develop these projects."

This multi-well campaign in South Andaman and Andaman II has confirmed significant in-place discovered resources. These resources have the potential to play a crucial role in Indonesia's and Southeast Asia's energy landscape. Mubadala Energy is actively developing a strategy to bring these resources into production swiftly.

Abdulla Bu Ali, President Director of Indonesia at Mubadala Energy, expressed his satisfaction with the campaign's success. He stated, "We are delighted to have concluded this drilling campaign successfully while maintaining safe operations. The results are not only a win for our team but also an important milestone for our company that will support Indonesia’s energy transition and energy security priorities."

Future Prospects

The exploration and testing activities utilised advanced technology and deep-water capabilities to ensure efficiency and safety. This approach has demonstrated significant potential in the Andaman Sea basin.

Mubadala Energy aims to leverage its operational expertise and deep understanding of the region to realise the full potential of both South and Central Andaman projects. The company looks forward to collaborating with partners and government stakeholders to develop these projects further.

These developments mark significant progress for Mubadala Energy in its exploration activities in the Andaman Sea. The company's strategic initiatives align with Indonesia's energy transition goals and contribute to regional energy security.

The achievements underscore Mubadala Energy's commitment to advancing its exploration capabilities while ensuring safe operations.

With inputs from WAM