After exploratory excavations

Mubadala Petroleum: Positive results in the Andaman concession area, Indonesia

Mansour Mohammed Al Hamed: “The discovery supports our biased strategy for natural gas, and contributes to meeting the energy needs of a rapidly growing market.”

Mubadala Petroleum announced positive results in the Andaman concession area, Indonesia, and the completion of the exploration process for drilling well "Timban-1", 150 kilometers off the coast of the north of the Indonesian island of Sumatra, which resulted in the discovery of a 390-foot gas column in the concession area. Marine «Andaman - 2».

high quality gas

The company said, in a statement, that Harper Energy is operating the Andaman-2 concession area with a 40% share of the field, pointing out that drilling tests have concluded the discovery of high-quality gas with a flow rate of 27 million cubic feet per day. In addition to 1884 barrels of condensate per day.

She stressed that these results are of great importance as a strong indication of the adjacent concession areas "Andaman 1" and "South Andaman", in which Mubadala Petroleum has a participating interest of 80%, and contains many unexplored resources and targets.

Natural gas

Mansoor Mohammed Al Hamed, CEO of Mubadala Petroleum, said: “Our long-term strategy in Indonesia is demonstrated by our commitment to growth in its markets, while at the same time strengthening the strength of our partnerships.

With the demand for natural gas growing across Southeast Asia, this discovery supports our biased natural gas strategy and contributes to meeting the energy needs of this dynamic and rapidly growing market.”

Ruby gas field

Mubadala Petroleum pointed out that with the arrival of the Ruby gas field, which it occupies in Indonesia, to the stage of cumulative gas production that exceeded 250 billion cubic feet, it has now reached a late stage in the life of the field, indicating that these discoveries will provide great development opportunities for the current business. The company holds it for the long term.

It is noteworthy that Mubadala Petroleum is the owner of the largest concession area in the Andaman region.

The positive result obtained from the Timpan-1 discovery will support reducing the risks associated with undiscovered resources that may exceed several trillion cubic feet of natural gas, and providing the necessary basis for achieving future growth, in line with the company’s biased natural gas strategy. .

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