Mubadala Energy, an international energy company based in Abu Dhabi, has announced a significant gas discovery at the Tangkulo-1 exploration well in South Andaman, 65 km offshore from North Sumatra, Indonesia. This marks the company’s second deepwater well in the region, following the earlier success with the Layaran-1 well. Drilled to a depth of 3,400 meters in 1,200 meters of water, Tangkulo-1 encountered an 80-meter gas column in high-quality Oligocene sandstone reservoirs. Initial testing showed a flow rate of 47 million standard cubic feet per day (mmscf/d) of gas and 1,300 barrels of condensate. Full technical evaluation suggests that the well’s capacity could reach up to 100 mmscf/d and over 2,000 barrels of condensate. CEO Mansoor Mohammed Al Hamed views these discoveries as transformative for Indonesia and Southeast Asia’s energy landscape, bolstering Mubadala Energy’s strategy focused on gas. The company holds an 80% working interest in South Andaman and sees this new discovery as a key component in its development plan for the region. The discoveries at Tangkulo-1 and Layaran-1 provide significant contingent volumes, laying the groundwork for further organic growth through exploration and appraisal efforts. As part of Mubadala Investment Company, owned by the Abu Dhabi government, Mubadala Energy holds a portfolio that is around 70% gas and incorporates a production interest of roughly 430,000 barrels of oil equivalent per day. The organization remains committed to supporting the energy transition by expanding its presence across the gas value chain and exploring new energy sectors. For more information, Paul Slinger, Vice President of Communications at Mubadala Energy, can be contacted.

Energy, Oil & Gas Exploration and Production,United Arab Emirates, Indonesia

https://www.zawya.com/en/press-release/companies-news/mubadala-energy-announces-second-consecutive-significant-gas-discovery-in-south-andaman-indonesia-hpb59ega