Mubadala Plans First Exploration Wells at Andaman I and South Andaman

By Editorial Team 19/12/2022
Oil rig
Summary

Mubadala Energy is planning its first exploration wells at its Andaman I and South Andaman blocks in Indonesia. Director General of Oil and Gas at the Ministry of Energy and Mineral Resources Tutuka Ariadji said on Tuesday. The United Arab Emirates-based company will drill its maiden probe Layaran at the South Andaman Block in 2023, followed by Parang Parang-1 in 2024. It will drill its first exploration well in the Andaman I Block in 2025.

“The Andaman I and South Andaman PSCs are adjacent and located in the underexplored but proven North Sumatra basin offshore Aceh, a region that Mubadala Petroleum has been involved in since 2011 through joint study agreements. The PSCs have the potential to unlock a new material gas play for domestic consumption in North Sumatra and indeed long-term export to regional markets,” Mubadala said previously, as quoted by Energy Voice.

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