Dubai PR Network, Online Press Release from Dubai and Middle East
 
(Others)
Filter PR by
  

Mubadala Energy Announces Second Consecutive Significant Gas Discovery in South Andaman, Indonesia

 
Mubadala Energy Announces Second Consecutive Significant Gas Discovery in South Andaman, Indonesia

Back to Back discovery with potential for over 2 TCF of gas-in-place positions South Andaman as one of the world's most important gas plays

Abu Dhabi, United Arab Emirates, 13th May, 2024 – Mubadala Energy, the international energy company headquartered in Abu Dhabi and the operator of the South Andaman Gross Split PSC, today announced another substantial gas discovery from the Tangkulo-1 Exploration well, drilled in South Andaman, about 65 kilometres offshore North Sumatra, Indonesia.

The discovery marks the second deep water well operated by the company. Tangkulo-1 was drilled to a depth of 3,400 meters in 1,200 meters water depth, just a few months after the major discovery at the Layaran-1 well, also in South Andaman.

The Tangkulo-1 well encountered 80 meters of gas column in a good quality Oligocene sandstone reservoir confirmed through an extensive data gathering campaign that includes obtaining a full core of 72 meters, wireline logging, sidewall core, pressure and fluid sampling. Utilizing a new Drill Stem Test (DST) design, the well successfully flowed 47 mmscf/d of excellent gas quality and 1,300 barrels of condensate. Although testing was constrained by testing facilities, the estimated well capacity is 80-100mmscf/d and over 2,000 barrels of condensate.

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 realize 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% working interest in South Andaman, Mubadala Energy is the largest net acreage holder in the area. In line with company's gas-biased strategy, Tangkulo-1 is an important pillar in the cluster's development story, with the discovery unlocking further potential in the southern part of the block and indicating an additional multi-TCF of prospective gas resource in nearby structures.

Together with Layaran-1, this discovery adds material contingent volume and provides a platform for Mubadala Energy's continued organic growth in the region through additional exploration and appraisal activities.


Posted by : DubaiPRNetwork.com Editorial Team
Viewed 8754 times
PR Category : Others
Posted on : Monday, May 13, 2024  11:11:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : TCL Electronics set to launch latest QD-Mini LED TV and smar...
Next Story : Carrefour Announces Savings Extravaganza with “Big Brand Fes...
Email this article Print this article

Share this article with your friends and followers
NewsVine
 
 
Most Viewed Press Release posted in the last 7 days
Catrice Unveils the Spring/Summer 2024 Collection: Introducing Shine Bomb Lip Lacquer! [37605-Views]
Unleash Your Inner Royalty with “Call me Queen” Dramatic False Lash Effect Mascara by esse... [36506-Views]
POCO Sets New Standard with Global Launch of F-Series in Dubai [32074-Views]
WFP News Video: WFP Warns Unprecedented Drought and Floods Causing Surge in Climate Relate... [30520-Views]
Pogačar takes second victory in a row at Giro D'Italia [26121-Views]
Pogačar second on Giro climb of Passo del Brocon [23407-Views]
Porsche Becomes Third Major Manufacturer To Commit To Formula E's Gen4 Era Until At Least ... [22042-Views]
Pogačar triumphs on Queen stage of Giro D'Italia [21443-Views]
Beauty Meets Technology: CHATEAU BERGER Cosmetiques Unveils its Cutting-Edge Skincare Line... [10820-Views]
Rick and Morty x SHEGLAM: Jump into an Interdimensional Makeup Adventure [10463-Views]
Alpen Capital Report highlights investment opportunities amid strengthening investment tie... [7950-Views]
Eid Al-Adha at Bawabat Al Sharq Mall: Mark Your Calendars for Great Family Fun & Big Wins... [7806-Views]
TCL Middle East & Africa showcases their latest line-up of products in Istanbul [7597-Views]
Danube Properties hands over project Pearlz six months ahead of schedule [7421-Views]
AW Rostamani Group Drives Sustainable Mobility at Electric Vehicle Innovation Summit With ... [7392-Views]
Cartier Spring-Summer 2024 Trinity Eyewear Limited Edition [7351-Views]
AIDA-2024 discusses the uses of AI in medicine and cosmetic surgery [7261-Views]
Opening Soon: Union Coop Announces Completion of Silicon Oasis Center [6966-Views]
Qatar Executive Welcomes the World's First Gulfstream G700 Aircraft to Doha [6814-Views]
Largest ever edition of the International Exhibition for National Security & Resilience ge... [6810-Views]
Fenton x Gemfields launch emerald-themed capsule collection with a conscience [6712-Views]
Air Chateau – a promising 360° helicopter operation, gearing to redefine the mobility spac... [6621-Views]
Contemporary Indian Tapas, Cocktails, and Shisha Lounge Indi 16 Now Open at Citymax Busine... [6580-Views]
EDGE Group and Fincantieri Formalise Shipbuilding Joint Venture, MAESTRAL, and Announce 40... [6355-Views]
Day one of International Exhibition for National Security & Resilience (ISNR) Abu Dhabi 20... [6293-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
Back to Section Home

Related Stories

 
Top Sections
 
Top Stories