mubadalapetroleum.

com
August 2019
About Mubadala Petroleum
Mubadala Petroleum is a leading international upstream
oil and gas exploration and production company,
headquartered in Abu Dhabi. We are a wholly-owned
subsidiary of Mubadala Investment Company (Mubadala),
which is owned by the Government of Abu Dhabi.
Established in 2012, we are one of the strategic
companies of the Petroleum and Petrochemicals
platform of Mubadala, with a focus on building a
portfolio that delivers attractive and sustainable returns
to our shareholder.
 
We manage assets and operations across 10 countries
with a primary geographic focus on the Middle East,
North Africa, Russia and Southeast Asia. In Southeast
Asia, we are a leading oil and gas operator with a strong
track record of safe and efficient operations. We drive
innovation and deploy latest technologies across our
operations to meet the growing demand for energy in
a sustainable and efficient way.
 
Our active partnership approach also allows us
to further build our expertise and capabilities through
sharing best practices with other operators. In our
non-operated assets, we partner with best-in-class
international oil and gas companies to drive efficiencies
and maximize our return on investments.

Headquartered in Became a corporate entity

Mubadala
Abu Dhabi wholly-owned by

Assets and operations in

500+
10 countries employees from more
than 30 countries

Current working interest

production around: Gas: 69%
360,000 Oil: 31%
barrels of oil equivalent per day

60% Applying state of the art drilling

Reduction of average
well cost between Technology
2013 - 2018

57% 85%
Emiratization in the local workforce in
Abu Dhabi headquarters Southeast Asia
Health, Safety, Security and Environment
Over the past several years we have delivered exceptional
HSSE performance. This performance is due to our
exceptionally strong commitment to health, safety,
security and the environment (HSSE) to safeguard our
employees, contractors and communities in the vicinity
of our operations.
Continuous improvement of our HSSE performance is
a key company priority and is a prime responsibility of
management and employees at all levels, one which
is driven by goals and supported by policies and
management systems.
Our primary goal is to eliminate operational incidents,
hence our processes mandate that potential risks
be identified, controlled and mitigated at the outset
of every operation. This results in enhanced business
performance and ultimately creating a safer working
environment for everyone associated with our operations.

10+ million
man hours, lost time injury free
(May 2017 – July 2019)

0 Top quartile
oil spills above one barrel safety performance

Accreditation of operations
to international standards:

Thailand: Indonesia:
ISO 14001 ISO 14001
OHSAS 18001 OHSAS 18001
ISO 9001

9
safety award recognitions for
Thailand, Indonesia and Malaysia
 Qatar | UAE
Dolphin Energy
The Dolphin project has been a foundational asset
in Mubadala’s portfolio, and has been reliably
providing natural gas to both the UAE and Oman via
subsea pipeline since its startup in 2007. Mubadala
Petroleum manages Mubadala’s 51% working
interest in the project. Cumulative production to
the end of 2018 has exceeded seven trillion cubic
feet of natural gas.

Oman
Mukhaizna oil field
Mubadala Petroleum has 15% working interest
in Block 53, in which the Mukhaizna oil field lies.
Production of heavy oil commenced in 2005, with
the field development utilizing the most extensive
steam flood application in the region to date.
In 2018, gross production for the field averaged
113,000 barrels of oil per day.

Egypt
Zohr gas field
In 2018, Mubadala Petroleum acquired 10% working
interest in the Shorouk concession, which lies
offshore in the Mediterranean Sea, and includes
the world-class Zohr gas project. Zohr’s gross gas
production plateau is expected to reach 2.7 billion
cubic feet of gas per day, as ramp-up operations
continue by operator, Eni. Mubadala Petroleum also
holds 20% equity in the Nour exploration concession,
operated by Eni.

Russia
Gazpromneft-Vostok Joint Venture
Alongside our partners Gazprom Neft and the
Russian Direct Investment Fund, Mubadala Petroleum
holds a 44% interest in the Gazpromneft-Vostok Joint
Venture, which is focused on the development and
production of oil reserves in Western Siberia. In 2018,
gross oil production from several fields averaged
around 33,000 barrels per day.
Our Portfolio USA Egypt Russia Thailand Vietnam
Fund Investment in Zohr gas field Gazpromneft-Vostok JV Jasmine oil field (op) Block 07/03
Unconventionals Nour Concession Manora oil field (op) Block 135-136/3
Nong Yao oil field (op)
Block G6/48
Erawan gas field*

Explore Gas

Qatar UAE Oman Malaysia Indonesia

Develop Oil
Dolphin Energy Headquarters Mukhaizna oil field Pegaga gas field development (op) Ruby gas field (op)
West Sebuku (op)
Produce
Andaman I (op)
South Andaman (op)
Andaman II
*Partnering with PTTEP (operator), commencing 24 April 2022
(op) = operator
 Thailand
With a presence since 2004, Mubadala Petroleum
is today the second largest crude oil operator in the
Gulf of Thailand from three producing fields.

Jasmine oil field*

Mubadala Petroleum has a 100% working interest
in Block B5/27 with the successful Jasmine field.
The cumulative field production is at over 75 million
barrels; a substantial increase from the estimate
made at the time of sanctioning in 2004.

Manora oil field*

The field in Block G1/48 started production
in November 2014 and has produced over
15 million barrels. Mubadala Petroleum has
a 60% working interest as operator.

Nong Yao oil field*

Nong Yao was the second development in
Thailand, after Manora, taken safely from discovery,
development into production. Since June 2015 the
field has produced over 12 million barrels. Mubadala
Petroleum has a 90% working interest as operator of
Block G11/48.

Erawan gas field

In April 2022, Mubadala Petroleum will commence
a partner role with a 40 percent working interest in
the G1/61 Erawan gas field, where PTTEP Energy
Development Company Limited will be the operator.

Malaysia
Pegaga gas field development*
Mubadala Petroleum is the operator with a 55%
working interest in the offshore Block SK 320, which
contains the Pegaga discovery. The development was
sanctioned by the partners (Petronas Carigali and
Sarawak Shell Bhd) in March 2018 to invest over
USD 1 billion in the development. The project is now
in the construction and installation stage, with first gas
expected in 2021.

Indonesia
Ruby gas field*
The Ruby gas field in the Sebuku PSC has reliably
and safely supplied gas to the domestic market since
2013, with cumulative gas production of over
150 billion cubic feet. Mubadala Petroleum has a
70% interest in the block.
Mubadala Petroleum is also the operator of two
exploration blocks, Andaman I* and South Andaman*,
and holds a non-operated interest in Andaman II.
*Operator
Corporate Social Responsibility
Mubadala Petroleum is committed to playing a responsible
role and contributing to the long-term, sustainable
development of the communities where we operate.
 
We have well-established community investment
programs and projects focused on education, community
development, environmental improvements and
employee engagement based on local needs with active
stakeholder engagement.
Our initiatives are inspired by the values of the UAE
Founding Father, the late Sheikh Zayed bin Sultan
Al Nahyan, who believed in Human Development,
Sustainability and Respecting all mankind. 
 
In 2018, we received the prestigious ADIPEC Award for
Social Contribution, for one of our innovative school and
community programs.

3,500+
scholarships provided to underprivileged
school and university students to stay in
school or pursue higher education

20,000+
community members
supported in various Ramadan
initiatives in 2019 including
distributing food for iftar and
hosting community iftar events

2,500+ 250+
healthy young coral colonies community investment projects
produced and transplanted implemented that create real
into degraded reefs value, lead to transformational
change and bring real
improvements into peoples’ lives

35,000+
students, teachers and community
members benefit from an
award-winning, innovative and
integrated school and community
development program