Fossil Energy – Gas Discovery
Mubadala Energy has announced a major gas discovery in Indonesia, opening the door to a strengthening of the company’s position in the Southeast Asian country’s energy sector.
The Abu Dhabi-based energy firm said the discovery was from the Layaran-1 Exploration well, drilled in South Andaman, about 100 km offshore of North Sumatra, Indonesia.
Mubadala Energy has been present in Indonesia since 2004, with four operated Production Sharing Contracts (PSC), including the Sebuku PSC, which contains the Ruby gas field and the Andaman I and South Andaman Gross Split PSCs.
