Mubadala Energy strengthens position in Andaman Sea exploration

Image: Mubadala Energy

UAE’s Mubadala Energy announced two major advancements in its Andaman Sea exploration activities, strengthening its position in the region’s growing energy sector.

The first milestone is the successful award of the Central Andaman license by Indonesia’s oil and gas regulator, MIGAS, as part of the country’s recent licensing round. Mubadala Energy, holding a 40 per cent stake, will partner with Harbour Energy, which operates the block with a 60 per cent interest.

This acquisition enhances Mubadala Energy’s growth strategy in the Andaman Sea and offers significant new opportunities for exploration.

“The successful bidding for the Central Andaman block is a key strategic development for us,” said Adnan Bu Fateem, COO at Mubadala Energy. “By leveraging our operational expertise and in-depth understanding of the basin, we are well-positioned to unlock the potential of both South and Central Andaman.”

Mubadala Energy completes appraisal of Layaran discovery

In addition to the new license, the company completed the appraisal of the Layaran discovery in South Andaman, marking the safe conclusion of its drilling campaign.

The campaign, which involved four wells — Layaran-1, Tangkulo-1, Layaran-2, and Layaran-2ST1 — has confirmed the multi-trillion cubic feet (TCF) potential of the Andaman Sea basin.

“We are delighted with the success of this drilling campaign, which not only represents a win for our team but also underscores our commitment to supporting Indonesia’s energy transition and security,” said Abdulla Bu Ali, president director of Mubadala Energy in Indonesia.

Read: Indonesia wants Mubadala Energy to accelerate South Andaman gas development

The exploration efforts utilised advanced deep-water drilling technologies, ensuring both efficiency and safety throughout the campaign.

The energy company now aims to develop these significant discovered resources and bring them into production, which could play a pivotal role in Indonesia’s energy security and broader Southeast Asian energy dynamics.

Its strategic partnerships and growing portfolio in the Andaman Sea highlight its expanding role in the region’s energy landscape.