Mubadala Petroleum announced a major natural gas discovery in the Layaran-1 exploration well in the South Andaman concession.
Which is located approximately 100 kilometers off the coast of North Sumatra, Indonesia.
Mubadala Petroleum operates the South Andaman Production Sharing Contract (PSC), which is the company’s first deepwater well.
The well was drilled to a depth of 4,208 meters in water depths of 1,207 meters.
Drilling revealed a massive natural gas reservoir with a thickness of over 230 meters.
After technical testing and data analysis, excellent quality gas flow was achieved.
It is also at a rate of over 30 million cubic feet per day.
Mubadala Petroleum is the largest acreage holder in the region.
Mubadala owns an operating interest of 80% in the South Andaman concession.
While this positive discovery in the Layaran-1 well will help to reduce risks for future exploration activities.
Which target natural gas resources estimated at several trillion cubic feet of gas reserves.
As well as establish a foundation for future growth, in line with the company’s gas-biased strategy.
Mansoor Mohamed Al Hamed, Chief Executive Officer of Mubadala Petroleum, said:
“Building on our strategy to expand our natural gas portfolio to support the energy transition.
This project will provide promising commercial opportunities and add further momentum to our strategic growth journey.
In addition to its immense importance to us at Mubadala Petroleum, this project is also a major achievement in supporting energy security in Indonesia and Southeast Asia.
We are proud to have achieved this milestone by relying on our world-class technical and operational capabilities.”
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Huge Discoveries.
This new discovery is the second successful well for Mubadala Petroleum in the Andaman region.
Following the success of the Timpan-1 exploration well in the Andaman-2 concession.
It also comes after the company’s success in exploring the Chinkhe-1 field located within Block SK 320 in Malaysia.
These discoveries add significant production volumes to the company and consolidate Mubadala Petroleum’s path to continue its growth in the region.
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