Mubadala Energy, a leading international energy company, has teamed up with Perusahaan Listrik Negara (PLN), Indonesia’s premier electric power distribution company.
The partnership aims to explore potential strategic collaboration in both gas utilization and infrastructure development. The MoU will assess power generation opportunities from the South Andaman blocks operated by Mubadala Energy, located in the offshore Northern part of North Sumatra, Indonesia.
The collaboration follows the recently announced gas discoveries at the Layaran and Tangkulo fields in South Andaman, which amount to over 8 TCF of gas in place.
This initiative seeks to leverage the full potential of the region’s natural gas resources to cater to the surging demand and promote infrastructure growth that benefits both businesses and local communities.
The agreement creates a framework for the companies to carry out a joint study, examining the opportunities to develop natural gas resources for power generation. Additionally, it sets out the parameters to assess the infrastructure enhancements required to support gas processing, transportation, and local economic growth in support of Indonesia’s energy security and energy transition goals.
Mansoor Mohamed Al Hamed Managing Director & CEO – Mubadala Energy
“This is an important step forward in realising our shared vision of sustainable energy development. We believe that by working together, we can unlock the full potential of South Andaman block, bringing significant value to both companies and the region as a whole.”
Darmawan Prasodjo, President Director of Perusahaan Listrik Negara (PLN), commented that, “Our collaboration with Mubadala Energy underscores our commitment to enhancing Indonesia’s energy landscape through strategic collaborations. We look forward to the study results, which will guide us in creating lasting economic and infrastructure benefits for Indonesia and beyond.”
The collaboration falls in line with Indonesia’s broader energy goals, supporting sustainable growth while contributing to the national energy security. Furthermore, it highlights a mutual commitment to innovation, sustainable development, and value creation, in line with the drivers of the energy transition and the Indonesian and UAE Governments’ net zero objectives.
