Mubadala gets Andaman I block off Indonesia

Mubadala Petroleum, Abu Dhabi, will conduct subsurface studies and acquire 3D seismic data in the first 3-year term of a production-sharing contract it has signed for the Andaman I block off Indonesia.

Mubadala is a 30% partner in the adjacent Andaman II block, which is operated by Premier Oil PLC (OGJ Online, Feb. 2, 2018).

The blocks are in the North Sumatra basin offshore Aceh. They were part of Indonesia’s 2017 licensing round.

Mubadala holds 100% interest in the Andaman I PSC.