Mubadala Petroleum Reveals New Brand Name 'Mubadala Energy'
Mubadala Petroleum, the Abu Dhabi-headquartered international energy company, has unveiled its new brand name: Mubadala Energy.
The company now spans eleven markets, employing over 500 people. This year Mubadala Energy also reached the significant production milestone of 500,000 barrels of oil equivalent a day (boed) for the first time in its history, marking a 22 percent increase in production from 2021.
In 2017, Mubadala Energy shifted its strategy to natural gas as a key bridge fuel in the energy transition. This strategic pivot saw the company realize key projects such as the acquisition of a 10 percent participating interest in Egypt's Zohr gas field within the Shorouk Concession.
Other major gas projects include Mubadala Energy's operated Pegaga gas field in Malaysia, which recently achieved its first commercial gas, hitting the production milestone of 500 MMscf (million standard cubic feet) and 16,000 barrels of condensate per day.
The company will continue its commitment to making a positive impact on the communities it operates in as a long-term and responsible partner, including; managing its shareholder's interest in Dolphin Energy, a foundational asset for the Mubadala Investment Company portfolio (Mubadala); and its operated business in Southeast Asia including the Ruby gas field in Indonesia which recently achieved cumulative gas production over 250 billion cubic feet, the Jasmine field in Thailand which has recorded over 85 million barrels of cumulative production, and Nong Yao and Manora which have both achieved over 20 million barrels of cumulative production.
This article was previously published on UAE Moments.To see the original article, click here