Mubadala enters Zohr - acquires 10% from Eni

Mubadala has agreed to acquire a 10% interest in Zohr from USD934 million. Mubadala will acquire an interest in the Shorouk concession which contains the Zohr field. The super giant field came onstream in December 2017, 28 months after its discovery. The field is currently producing 400mmcfpd and planned to reach plateau by the end of 2019. For Mubadala, this adds a world class asset with long term cash flows into its investment portfolio. Musabbeh...

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Sebuku PSC

Overview Contains 2 discoveries: Ruby gas field and the small Pangkat oil deposit Plan of development for Ruby approved in July 2008 incorporates two bridge-linked platforms and initially four development wells 312km pipeline to transport gas to new onshore receiving terminal for processing Gas sold to the local Kaltim fertiliser plants Ruby currently contracted to supply 85mmcfpd Production capacity of 115mmcfpd, so scope to provide more gas Participation Mubadala (70%*), INPEX (15%), Total (15%) Exploration 11 wells drilled to...

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