Abu dhabi: Mubadala Energy, the international energy company headquartered in Abu Dhabi, has announced significant progress in the development plans for the Tangkulo gas project, one of the key projects in the company's strategic Andaman Sea position. With Front End Engineering Design (FEED) and Long Lead Item (LLI) contracting making good progress, the Tangkulo development is advancing ahead of schedule, with the Plan of Development (POD) expected by Q4 2025, Final Investment Decision (FID) by June 2026, and first gas by Q4 2028.
According to Emirates News Agency, Mansoor Mohamed Al Hamed, Managing Director and CEO Mubadala Energy, stated that the multi-TCF discoveries in South Andaman offer a growth opportunity for Mubadala Energy, highlighting the strategic importance of this project for Indonesia's energy security. Mubadala Energy remains committed to growth, with operations in Indonesia forming a critical part of its portfolio expansion strategy. The gas marketing strategy is also progressing with the aim of delivering energy security for Indonesia through domestic gas, reducing reliance on LNG imports.
The Tangkulo discovery, made in May 2024, is located in the South Andaman Gross Split PSC, about 65 kilometers offshore North Sumatra. The well was drilled to a total depth of 3,400 meters in approximately 1,200 meters of water, marking Mubadala Energy's second consecutive deepwater gas discovery with over 2 TCF of gas-in-place. This follows the company's major 8+ TCF discovery at Layaran, also in the South Andaman block, operated by Mubadala Energy, which holds an 80 percent working interest.
With the recent award of the Central Andaman block license, Mubadala Energy now holds the largest net acreage position in the region, indicating potential synergies to expand gas production to meet Indonesia's energy security needs and create opportunities for international export. In line with the momentum on key development milestones, Mubadala Energy has recruited over 50 specialized staff in areas such as deep-water exploration, development, and project management.
A new, digitally-enabled office space in Jakarta has added momentum to Mubadala Energy's growth in Indonesia. These developments are further supported by expanded community investment activities, which include training for future members of the local workforce and the delivery of education and environmental programs, reinforcing the company's long-term commitment to Indonesia.