Mubadala Energy made headlines in December 2023 with its gas discovery in the South Andaman Sea, Indonesia. The exploration of the Layaran-1 well, positioned 100 kilometers offshore near North Sumatra, led to the uncovering of a vast gas reserve, estimated at over 6 trillion cubic feet.

This discovery stands as one of the most noteworthy in Southeast Asia's history, underscoring the region's potential for similar future explorations.

With Mubadala Energy's strategy to expand its gas portfolio to support the energy transition, this development offers material commercial opportunities and adds momentum to their strategic growth story. This is not only a substantial development for Mubadala Energy but also a huge milestone for Indonesia’s and Southeast Asia’s energy security.

Leveraging its world-class technical and operational capabilities, Mubadala Energy is at the forefront of enhancing the energy supply in the global market, contributing to the economic development and energy independence of the region.

The implications of this discovery extend beyond the immediate enhancement of energy supplies. It underscores the UAE's pivotal role in the global energy market, showcasing its capability to foster economic development and fortify international partnerships through strategic energy investments and exploration activities.