UAE's Mubadala Energy Strengthens Andaman Sea Presence With New Exploration Licenses

Abu Dhabi-based Mubadala Energy has announced two major milestones in its Andaman exploration efforts. The company, along with Harbour Energy, secured the Central Andaman licence from MIGAS, Indonesia's oil and gas regulator. Harbour holds a 60% operated interest, while Mubadala Energy has a 40% stake.

The company also confirmed the safe completion of its South Andaman drilling campaign. This included appraising the Layaran discovery through wells Layaran-1, Tangkulo-1, Layaran-2, and Layaran-2ST1. These activities highlighted the multi-TCF potential of the Andaman Sea basin.

Adnan Bu Fateem, Chief Operating Officer of Mubadala Energy, remarked on the achievement: "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."

Abdulla Bu Ali, President Director of Indonesia at Mubadala Energy, expressed satisfaction with the campaign's results: "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."

This acquisition aligns with Mubadala Energy's growth strategy in the Andaman Sea. It enhances their prospects within this basin. The exploration and testing used advanced technology and deep-water capabilities to ensure efficiency and safety.

The multi-well campaign in South Andaman and Andaman II has confirmed significant discovered resources. These resources could play a crucial role in Indonesia's and Southeast Asia's energy landscape. Mubadala Energy is now strategising to bring these resources into production swiftly.

The successful completion of these activities demonstrates Mubadala Energy's commitment to advancing its operations in the region. The collaboration with Harbour Energy strengthens their position in exploring and developing new opportunities within the Andaman Sea basin.