Dubai: A 'significant' gas discovery has been made in Indonesia, according to Mubadala Energy, the Abu Dhabi headquartered entity. This is from the Layaran-1 Exploration well - drilled in South Andaman and about 100 kilometres offshore North Sumatra, Indonesia.
Mubadala Energy is the operator of the South Andaman Gross Split PSC. This is the first deep water well operated by the company (drilled to a depth of 4,208 meters in 1,207 meters water depth).
The new find has potential for over 6 TCF of gas-in-place.
The 'well encountered an extensive gas column with a thickness of over 230 meters in an Oligocene sandstone reservoir', Mubadala Energy said in a statement. "A complete data acquisition including wireline, coring, sampling and production test (DST) were conducted. The well successfully flowed over 30mmscf/d of excellent gas quality."
With an 80 per cent working interest in South Andaman, Mubadala Energy is the 'largest net acreage holder' in the area.
"The positive outcome from the Layaran-1 discovery will de-risk multi-TCF of prospective gas resources in the area'< the statement said. And does provide a 'foundation for future organic growth and additional exploration drilling activities in 2024'.
Mansoor Mohamed Al Hamed, CEO, Mubadala Energy, said: “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.
"This is not only a significant development for Mubadala Energy but a huge milestone for Indonesia’s and Southeast Asia’s energy security."
Second Far East find
This discovery is the second consecutive successful well for Mubadala Energy in the Andaman area, coming after the Timpan-1 in Andaman-II, (which itself came after success at Cengkih-1 in SK320 in Malaysia).
"These discoveries add material contingent volume and provide a platform for continued growth for Mubadala Energy in the region," the statement added.