Mubadala Energy completed the appraisal of the Layaran discovery in South Andaman, marking the safe conclusion of its drilling campaign
Mubadala’s Indonesian unit said the company was fully aligned with Jakarta’s desire to accelerate the project
The Tangkulo-1 discovery aligns with the company’s gas-focused strategy and serves as a significant milestone in the region’s development
The Layaran-1 discovery provides the foundation for future organic growth and additional exploration drilling activities in 2024
The deal facilitates knowledge sharing between the two entities while exploring potential joint investments in upstream projects
The companies will look at developing technical solutions to decarbonise or improve the energy efficiency of upstream oil and gas assets among other initiatives
Mubadala Energy will expand across the gas value chain, while exploring investment opportunities in new energy sectors such as blue hydrogen and carbon capture