Mubadala picks up second tract offshore Indonesia

Offshore staff

ABU DHABI, UAE – Mubadala Petroleum and INPEX have won a production-sharing contract (PSC) for the West Sebuku block offshore Indonesia.

Detailed terms of the PSC are expected to be concluded soon, but Mubadala will operate with a 75.5% interest. Last year the company performed a geological study over the area, and its main focus now will be to acquire 3D seismic data over the block.

The concession is adjacent to the Sebuku PSC where Mubadala is also the operator, via its affiliate PEARLOIL (Sebuku). The company is developing the Ruby gas field in partnership with INPEX and Total, with first gas expected in the later this year.

COO Steve Peacock said: “It supports our strategy of finding and, if successful, developing gas for Indonesia’s growing domestic market and is located in close proximity to the infrastructure we are installing on the Ruby field.”

The 312-km (194-mi) pipeline connecting the Ruby platform to the Senipah onshore gas plant, operated by Total, has been installed, with construction of the field’s tripod wellhead platform and four-leg production platform nearing completion.

Offshore installation and commissioning is due to start this spring. Once Ruby comes onstream, its gas will be delivered to PT Pupuk Kalimantan Timur, an Indonesian fertilizer company.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...