In a press release posted on its web site, Mubadala Vitality has introduced “one other substantial gasoline discovery” from the Tangkulo-1 exploration nicely, positioned in South Andaman, offshore North Sumatra, Indonesia.
The Abu Dhabi headquartered firm, which is the operator of the South Andaman Gross Cut up PSC, famous within the launch that the invention marks the second deep water nicely operated by the corporate. It follows the “main discovery” on the Layaran-1 nicely in South Andaman, Mubadala highlighted within the launch.
Tangkulo-1 was drilled to a depth of 3,400 meters in 1,200 meters of water depth, the discharge revealed, including that the nicely encountered 80 meters of gasoline column in high quality Oligocene sandstone reservoir, confirmed via an in depth information gathering marketing campaign.
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“Using a brand new Drill Stem Take a look at (DST) design, the nicely efficiently flowed 47 mmscf/d of wonderful gasoline high quality and 1,300 barrels of condensate,” Mubadala said within the launch.
“Though testing was constrained by testing amenities, the estimated nicely capability is 80-100mmscf/d and over 2,000 barrels of condensate,” it added.
Within the launch, Mansoor Mohammed Al Hamed, the CEO of Mubadala Vitality, stated, “when added to our latest success at Layaran-1, this game-changing discovery guarantees to rework Indonesia’s and Southeast Asia’s vitality panorama and demonstrates that South Andaman is one of many world’s most fun vitality performs”.
“By working with companions and harnessing our world class technical capabilities, I’m assured we are able to understand the full potential of this block, according to our dedication to help the federal government’s formidable growth timeframes,” Hamed added.
“This information additionally strengthens our means to play a proactive function within the vitality transition via our gasoline biased technique,” the Mubadala CEO continued.
Mubadala said in its newest launch that, along with Layaran-1, this discovery provides materials contingent quantity and supplies a platform for Mubadala Vitality’s continued natural progress within the area via extra exploration and appraisal actions.
In a launch posted on its web site in December final 12 months, Mubadala Vitality introduced a “vital gasoline discovery from the Layaran-1 exploration nicely”.
The corporate highlighted within the launch that this was the primary deep water nicely operated by the corporate. It was drilled to a depth of 4,208 meters in 1,207 meters of water depth and encountered “an in depth gasoline column with a thickness of over 230 meters in an Oligocene sandstone reservoir,” the discharge outlined, including that the nicely “efficiently flowed over 30mmscf/d of wonderful gasoline high quality”.
In that launch, Hamed stated, “with our technique to develop our gasoline portfolio to help the vitality transition, this growth affords materials business alternatives and provides momentum to our strategic progress story”.
“This isn’t solely a big growth for Mubadala Vitality however an enormous milestone for Indonesia’s and Southeast Asia’s vitality safety. We’re proud to have achieved this by leveraging our world class technical and operational capabilities,” Hamed added.
Additionally in that launch, Mubadala famous that the discover was the second consecutive profitable nicely for the corporate within the Andaman space, “coming after the success of Timpan-1 in Andaman-II, which itself got here after success at Cengkih-1 in our SK320 in Malaysia”.
In a press be aware despatched to Rigzone on Tuesday, Wooden Mackenzie stated the latest Tangkulo-1 gasoline and condensate discovery has positioned Mubadala Vitality and the South Andaman block “on the heart of a promising North Sumatra deepwater play”.
“This newest discovery provides additional volumes to the world, bringing the full in-place sources to 11 trillion cubic toes (tcf) since Harbour Vitality’s preliminary Timpan discovery in 2022,” it added.
The Tangkulo nicely has de-risked exploration prospects within the South Andaman block, Wooden Mackenzie said within the be aware, including that the standard of the reservoir at Tangkulo is best than that of the Layaran discovery, “with increased ranges of porosity and permeability”.
Wooden Mackenzie reported within the be aware that the present gasoline demand in North Sumatra stands at round 280 million cubic toes per day, which it stated may very well be a possible impediment to creating giant volumes.
“The Tangkulo discovery improves the viability of a spread of growth choices, together with supplying native markets or exporting through LNG or pipeline,” Andrew Harwood, director of company and upstream analysis at Wooden Mackenzie, stated within the be aware.
“If the Tangkulo discovery and different close by prospects are developed collectively, they may meet the home necessities, enabling Mubadala to discover export options for its Layaran discover,” he added.
“The newest Tangkulo discovery, following the large Layaran discovery, has made Mubadala Vitality the brand new ‘sweetheart’ in Indonesia’s exploration sector … Nevertheless, the following main problem for the corporate will probably be to handle stakeholder expectations by balancing Indonesia’s nationwide necessities with its personal company aims,” he continued.
To contact the writer, e-mail andreas.exarheas@rigzone.com
