Oil and gas firm Mubadala Energy discovered gas presence from the exploration of well Layaran-1 at South Andaman, about 100 kilometres offshore of North Sumatra, Indonesia.
Abu Dhabi-based firm said the well investigated a substantial gas column, measuring over 230 meters in thickness within an Oligocene sandstone reservoir. Through wireline, coring, sampling, and production tests (DST), the firm said it determined that the well exhibited a flow of about 30 million standard cubic feet per day (mmscf/d).
Mubadala said the favourable results from the Layaran-1 discovery will mitigate the risk associated with multiple trillion cubic feet (TCF) of prospective gas resources in the area, leading to future organic growth and additional exploration drilling activities in 2024.
“With our strategy to expand our gas portfolio to support the energy transition, this development offers material commercial opportunities and adds momentum to our strategic growth story,” said Mansoor Mohamed Al Hamed, executive chief of Mubadala Energy.
“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,” he added.
Mubadala Energy is the subsidiary of Mubadala Investment Company owned by the Government of Abu Dhabi. Before this, the firm succeeded in the discovery of gas Timpan-1 in Andaman-II and Cengkih-1 in SK320, Malaysia.
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