Mubadala picks up second tract offshore Indonesia

Mubadala Petroleum and INPEX have won a production-sharing contract (PSC) for the West Sebuku block 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 theRuby 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.

4/24/2013

More in Regional Reports