Mubadala Energy, the oil and gas unit of Abu Dhabi’s Mubadala Investment Company, on Monday announced a “substantial” gas discovery off Indonesia.
The discovery was made from the Tangkulo-1 exploration well, which was drilled in South Andaman, about 65km offshore from North Sumatra, Mubadala Energy said in a statement.
Despite limitations imposed by testing facilities, the well’s estimated capacity is between 80 million to 100 million standard cubic feet a day and more than 2,000 barrels of condensate, the company said.
Mubadala Energy’s latest find follows the company’s major…
