Discovery marks a major development for the Southeast Asia energy landscape
Mubadala Energy is the operator of the South Andaman Gross Split and this is the first deep water well operated by the company, drilled to a depth of 4,208m.
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, the positive outcome from the Layaran-1 discovery will de-risk multi-TCF of prospective gas resources in the area, providing the foundation for future organic growth and additional exploration drilling activities in 2024, according to a press communique.
“This is not only a significant development for Mubadala Energy but a huge milestone for Indonesia’s and Southeast Asia’s energy security. We are proud to have achieved this by leveraging our world class technical and operational capabilities,” affirmed Mansoor Mohamed Al Hamed, CEO, Mubadala Energy.
This new confirmed discovery is the second consecutive successful well for Mubadala Energy in the Andaman area, coming after the success of Timpan-1 in Andaman-II, which itself came after success at Cengkih-1 in our SK320 in Malaysia. These discoveries add material contingent volume and provide a platform for continued growth for Mubadala Energy in the region, the press statement concluded.
