The UAE's Mubadala Energy announced on Monday its second consecutive significant gas discovery in South Andaman, Indonesia.
The Tangkulo-1 Exploration well, drilled offshore north Indonesia's Sumatra, has a potential of more than 2 trillion cubic feet of gas-in-place, the company added.
Mansoor Mohammed Al Hamed, CEO, Mubadala Energy, commented, “When added to our recent success at Layaran-1, this game-changing discovery promises to transform Indonesia’s and Southeast Asia’s energy landscape and demonstrates that South Andaman is one of the world’s most exciting energy plays.
"By working with partners and harnessing our world-class technical capabilities, I am confident we can realise the full potential of this block, in line with our commitment to support the government’s ambitious development timeframes. This news also strengthens our ability to play a proactive role in the energy transition through our gas-biased strategy.”
With an 80 per cent working interest in South Andaman, Mubadala Energy is the largest net acreage holder in the area.
Trump says he will raise tariff on autos from EU to 25%
UAE–South Korea CEPA comes into force on May 1
Meraas awards AED 2.4 billion in construction contracts for 'The Acres'
Bangladesh set to sign Boeing jet deal, shifting from Airbus
UAE Circular Economy Council focuses on food security, sustainable growth
