UAE's Mubadala Petroleum Inks PSC for South Andaman

published:19/02/2019 06:01 GMT

UAE's Mubadala Petroleum said that it has signed the Gross Split Production Sharing Contract (PSC) for South Andaman, as awarded by the Government of Indonesia pursuant to the 2018 Indonesian Third Direct Tender Round. Following the signing, Mubadala Petroleum is the operator of both the South Andaman and the adjacent Andaman I PSC and a partner in the Andaman II PSC. The South Andaman PSC is located in the underexplored but proven North Sumatra basin offshore Aceh. With participating...More