Abu Dhabi – **Mubadala Energy** just dropped a massive win. The Abu Dhabi-headquartered international energy company today announced the award of the Southwest Andaman exploration Production Sharing Contract under Indonesia’s Gross Split scheme. They grabbed 100% participating interest and will operate the block.
Moreover, this move strengthens their grip fast. The block sits right next to their existing Andaman acreage, including South Andaman, Central Andaman, and Andaman II blocks.
The Smart Hunt That Paid Off Big
Mubadala Energy chased this opportunity since 2022 with sharp focus. They secured a Joint Study Agreement in 2023, wrapped it up in November 2024, and fired off the bid in November 2025. These steps highlight their early-mover discipline and commitment to dominating the basin.
Furthermore, the award builds directly on their multi-TCF strategic discoveries at Layaran and Tangkulo and Timpan. Geologically, Southwest Andaman continues the proven Bampo DHI play that fueled recent drilling successes like Layaran-1 and Tangkulo-1.
Leadership Cheers the Next Chapter
Mansoor Mohamed Al Hamed, Managing Director and Chief Executive Officer of Mubadala Energy, nailed it: “The award of the Southwest Andaman block is a testament to our team’s technical conviction, expertise in deep water exploration, and growth mindset. We have an unrivalled understanding of the Andaman basin and this award builds on our existing multi-TCF strategic discoveries at Layaran and Tangkulo and Timpan. We are fully committed to unlocking the region’s vast gas potential in line with our growth strategy and to support Indonesia’s energy security priorities.”
Abdulla Bu Ali, President Director of Mubadala Energy Indonesia, added his take too. He said the award marks another key chapter and shows the Indonesian government’s trust in Mubadala Energy as a long-term partner. Southwest Andaman brings fresh prospectivity, and the team looks forward to working with DG MIGAS, SKK Migas, and stakeholders to deliver for Indonesia’s energy future.
The first exploration well kicks off in the second phase, years four to six, after new 3D seismic data gets fully interpreted. Mubadala Energy’s Andaman portfolio now covers five blocks—South Andaman, Central Andaman, Andaman I, Andaman II, and Southwest Andaman—making them the largest and most active explorer in the basin with huge resources and fresh prospects.
No comments:
Post a Comment