Mubadala Energy announces Layaran gas discovery in Indonesia’s South Andaman region
Mubadala Energy, the international energy company based in Abu Dhabi, has made a landmark announcement regarding a significant gas discovery. The discovery was made at the Layaran-1 Exploration well, a deep water well situated approximately 100 kilometers offshore North Sumatra, Indonesia. The Layaran gas discovery is notable for its location in the South Andaman region, a key area for energy exploration and development.
As the operator of the South Andaman Gross Split Production Sharing Contract (PSC), Mubadala Energy has achieved a milestone with this discovery. The Layaran-1 well, which is the first deep water well operated by Mubadala Energy, was drilled to an impressive depth of 4,208 meters in water depths reaching 1,207 meters.
The well uncovered an extensive gas column, with a thickness exceeding 230 meters, in an Oligocene sandstone reservoir. This significant find was confirmed through comprehensive data acquisition methods including wireline, coring, sampling, and a production test (DST). Notably, the well successfully flowed over 30 million standard cubic feet per day (mmscf/d) of high-quality gas.
Layaran gas discovery : Mubadala Energy Discovers Extensive Gas Reserves in Indonesia
Holding an 80% working interest in South Andaman, Mubadala Energy stands as the largest net acreage holder in the region. This recent discovery aligns with the company’s strategy to prioritize gas, potentially de-risking multi-trillion cubic feet (TCF) of prospective gas resources in the area. This development lays the groundwork for future growth, with plans for additional exploration drilling in 2024.
Mansoor Mohamed Al Hamed, CEO of Mubadala Energy, commented on the Layaran gas discovery, highlighting its significance not only for Mubadala Energy but also for Indonesia’s and Southeast Asia’s energy security. He emphasized the company’s commitment to expanding its gas portfolio in support of the global energy transition, noting the commercial opportunities and strategic growth potential stemming from this discovery.
The Layaran gas discovery follows the successes of Timpan-1 in Andaman-II and Cengkih-1 in SK320, Malaysia, further cementing Mubadala Energy’s growing presence and impact in the region. These consecutive successful wells add substantial contingent volume to the company’s assets and provide a solid platform for continued growth and expansion in Southeast Asia.