Mubadala Energy, in partnership with Harbour Energy, has won the rights to explore for oil and gas in the Central Andaman block, located in the Andaman Sea off Indonesia.
Migas, the Indonesian oil and gas regulator, granted Mubadala the licence as part of a recent licensing round, the Mubadala Investment Company’s oil and gas unit said in a statement on Wednesday.
London-based Harbour Energy will hold a 60 per cent stake in the venture, with Mubadala Energy holding the remainder.
The move strengthens Mubadala Energy's broader strategy to expand its operations in the Andaman Sea, the company said.
“The successful bidding for the Central Andaman block is an important strategic development that will unlock further potential opportunities,” said Adnan Fateem, chief operating officer at Mubadala Energy.
“We are well positioned to realise the potential of South and Central Andaman and look forward to working with our partner and government stakeholders to develop these projects.”
Mubadala Energy also said it has completed a drilling campaign in the South Andaman area, specifically focusing on appraising the Layaran discovery.
Last year, the company said that through the Layaran-1 exploration well, it had identified the potential for more than six trillion cubic feet of gas in place.
“The results are … an important milestone for our company that will support Indonesia’s energy transition and energy security priorities,” said Abdulla Ali, president director, Indonesia, Mubadala Energy.
Mubadala Energy, formerly Mubadala Petroleum, has been operating in Indonesia since 2004. The Abu Dhabi-based company has assets and operations spanning 11 countries, primarily in the Mena region, Russia and South-East Asia.
Indonesia, South-East Asia’s largest economy, seeks to boost domestic use of natural gas following discoveries in the Andaman and North Bali-Lombok blocks.
The country, one of the world's largest coal exporters, also plans to generate at least 51 per cent of its total energy from renewable sources by 2030.
It also aims to become carbon neutral by 2060 or earlier, with renewable energy providing up to 85 per cent of the energy mix.
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Company profile
Company name: Suraasa
Started: 2018
Founders: Rishabh Khanna, Ankit Khanna and Sahil Makker
Based: India, UAE and the UK
Industry: EdTech
Initial investment: More than $200,000 in seed funding
Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin
The biog
Born November 11, 1948
Education: BA, English Language and Literature, Cairo University
Family: Four brothers, seven sisters, two daughters, 42 and 39, two sons, 43 and 35, and 15 grandchildren
Hobbies: Reading and traveling
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UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
Killing of Qassem Suleimani
The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now
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BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
On Instagram: @WithHopeUAE
Although social media can be harmful to our mental health, paradoxically, one of the antidotes comes with the many social-media accounts devoted to normalising mental-health struggles. With Hope UAE is one of them.
The group, which has about 3,600 followers, was started three years ago by five Emirati women to address the stigma surrounding the subject. Via Instagram, the group recently began featuring personal accounts by Emiratis. The posts are written under the hashtag #mymindmatters, along with a black-and-white photo of the subject holding the group’s signature red balloon.
“Depression is ugly,” says one of the users, Amani. “It paints everything around me and everything in me.”
Saaed, meanwhile, faces the daunting task of caring for four family members with psychological disorders. “I’ve had no support and no resources here to help me,” he says. “It has been, and still is, a one-man battle against the demons of fractured minds.”
In addition to With Hope UAE’s frank social-media presence, the group holds talks and workshops in Dubai. “Change takes time,” Reem Al Ali, vice chairman and a founding member of With Hope UAE, told The National earlier this year. “It won’t happen overnight, and it will take persistent and passionate people to bring about this change.”
Brief scores:
Day 1
Toss: South Africa, field first
Pakistan (1st innings) 177: Sarfraz 56, Masood 44; Olivier 4-48
South Africa (1st innings) 123-2: Markram 78; Masood 1-4
Mubalada World Tennis Championship 2018 schedule
Thursday December 27
Men's quarter-finals
Kevin Anderson v Hyeon Chung 4pm
Dominic Thiem v Karen Khachanov 6pm
Women's exhibition
Serena Williams v Venus Williams 8pm
Friday December 28
5th place play-off 3pm
Men's semi-finals
Rafael Nadal v Anderson/Chung 5pm
Novak Djokovic v Thiem/Khachanov 7pm
Saturday December 29
3rd place play-off 5pm
Men's final 7pm
Series information
Pakistan v Dubai
First Test, Dubai International Stadium
Sun Oct 6 to Thu Oct 11
Second Test, Zayed Stadium, Abu Dhabi
Tue Oct 16 to Sat Oct 20
Play starts at 10am each day
Teams
Pakistan
1 Mohammed Hafeez, 2 Imam-ul-Haq, 3 Azhar Ali, 4 Asad Shafiq, 5 Haris Sohail, 6 Babar Azam, 7 Sarfraz Ahmed, 8 Bilal Asif, 9 Yasir Shah, 10, Mohammed Abbas, 11 Wahab Riaz or Mir Hamza
Australia
1 Usman Khawaja, 2 Aaron Finch, 3 Shaun Marsh, 4 Mitchell Marsh, 5 Travis Head, 6 Marnus Labuschagne, 7 Tim Paine, 8 Mitchell Starc, 9 Peter Siddle, 10 Nathan Lyon, 11 Jon Holland
The Voice of Hind Rajab
Starring: Saja Kilani, Clara Khoury, Motaz Malhees
Director: Kaouther Ben Hania
Rating: 4/5
'The Coddling of the American Mind: How Good Intentions and Bad Ideas are Setting up a Generation for Failure'
Greg Lukianoff and Jonathan Haidt, Penguin Randomhouse
No Shame
Lily Allen
(Parlophone)
