Dubai PR Network, Online Press Release from Dubai and Middle East
(Energy and Industry)
Filter PR by

Mubadala Energy and Pertamina Collaborate on Carbon Capture, Utilization and Storage Applications in Indonesia

Mubadala Energy and Pertamina Collaborate on Carbon Capture, Utilization and Storage Applications in Indonesia

Collaboration will focus on CCUS, in line with Mubadala Energy’s commitment to delivering its low carbon energy strategy

Abu Dhabi– 25 July, 2023: Mubadala Energy, the Abu Dhabi-based international energy company, and Pertamina, the Indonesian state-owned integrated energy company, have entered into an agreement to discuss, explore and potentially engage in energy transition initiatives, primarily focused on carbon capture, utilization and storage (CCUS) applications in Indonesia. 

In line with Mubadala Energy’s commitment to play an active role in the energy transition and explore new energy solutions including CCUS, the partnership will see both companies cooperate to conduct joint studies and, potentially, business development activities in this strategic area of carbon mitigation. 

The agreement provides a framework to explore CCUS solutions for Pertamina’s and Mubadala Energy’s existing portfolio of assets in Indonesia through collaborative discussions and evaluation of relevant projects. In addition, this Memorandum of Understanding will facilitate knowledge sharing between both parties while exploring potential joint investments in upstream projects that may seek to utilize CCUS applications.

Commenting on the singing, Mansoor Mohamed Al Hamed, CEO Mubadala Energy, said; “When we launched our new strategy last year, CCUS was an important pillar of our ambitions to further expand our business in low carbon solutions. I am therefore pleased to forge this exciting collaboration with Pertamina to explore CCUS opportunities, not least because we share a commitment to play a proactive role in supporting the energy transition through the decarbonization of our operations. With our track record as a responsible operator delivering reliable and safe operations, I believe we can harness both companies’ collective expertise to accelerate the deployment of potential CCUS technologies. And as the United Arab Emirates prepares for COP28, we are proud to be driving a strategic collaboration that aligns with the Net Zero ambitions of both the UAE and Indonesia.” 

Nicke Widyawati, CEO, Pertamina, commented: “With over six decades of experience in the energy industry, Pertamina has been integral to Indonesia’s growth story. As the country continues to develop, the company is committed to decarbonization goals and securing Indonesia’s energy requirements while supporting the country’s 2060 Net Zero goals.” 

Mubadala Energy has been present in Indonesia since 2004, with four operated Production Sharing Contracts (PSC), including the Sebuku PSC containing the award winning Ruby gas field, in addition to the Andaman I and South Andaman Gross Split PSCs. This portfolio makes the company the largest net acreage holder in the area, securing the core of the North Sumatra basin for the future exploration growth with the potential to unlock a new material gas play. Most recently, Mubadala Energy announced a new gas discovery at the Timpan-1 exploration well located 150 kilometers offshore North Sumatra, Indonesia, where a 390 foot gas column in high net to gross fine-grained sandstone reservoir, was confirmed. 

In 2022, Mubadala Energy announced a strategic pivot to expand across the gas value chain, explore new energy sectors such as Blue Hydrogen and CCUS, and accelerate efforts to decarbonize it operations. The announcement of this new partnership with Pertamina is closely aligned to this plan and provides further momentum to a number of projects currently being explored. 

Posted by : Editorial Team
Viewed 12952 times
PR Category : Energy and Industry
Posted on : Tuesday, July 25, 2023  3:48:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of
Previous Story : Hitachi Energy Selected for Multi-Project Agreement to Secur...
Next Story : Mubadala Energy and Masdar Collaborate on Decarbonization an...
Email this article Print this article

Share this article with your friends and followers
Back to Section Home

Related Stories

Most Viewed Press Release posted in the last 7 days
World's First Sheglam Store in the Middle East [29409-Views]
Dubai Jewellery Group Dazzles with Unprecedented Offers at the Dubai Shopping Festival [14346-Views]
QNET's Swiss Luxury Brand Bernhard H Mayer Unveils New Jewellery Collection [6589-Views]
Kia Unveils its All-New K3 for the first time in the Middle East at Riyadh Motor Show 2023 [4826-Views]
Dubai's Charitable Preloved Clothes Chain Thrift For Good Pledges 100% of Profits To Emerg... [4809-Views]
Delight in unforgettable Festive Season at Grand Millennium Al Wahda in the Centre of Abu... [4457-Views]
Dubai Airports Celebrates UAE 52nd Union Day and Embraces the Year of Sustainability [4321-Views]
Air France-KLM and Etihad Airways Announce Frequent Flyer Partnership [4047-Views]
Fouquet's Dubai Launches “Pardon My Brunch” [3944-Views]
Malabar Gold & Diamonds Expands into Canada; Launches 335th Global Showroom [3899-Views]
Dubai Free Zones Council Enhances the Attraction of National Talent and Streamlining the I... [3887-Views]
Redefining Excellence: India International School, Sharjah, Leaves a mark in History with ... [3870-Views]
Etihad Airways Celebrates 20th Anniversary with Iconic Fly-past at Formula 1 Etihad Airwa... [3665-Views]
Theyab Bin Mohamed Bin Zayed Witnesses Signing of Strategic Partnership between Etihad Rai... [3579-Views]
BlackBerry Quarterly Global Threat Intelligence Report Shows 70 Percent Increase in Novel ... [3575-Views]
niluu the Vegan Silkwear Brand Celebrates the Animal Kingdom with Elegant Print [3571-Views]
Hamdan bin Mohamed bin Zayed presents Trophy to Formula 1 Etihad Airways Abu Dhabi Grand P... [3546-Views]
Zero-Emission Vehicle Innovator Wisdom Motor Brings the GCC's First 12-Meter Hydrogen City... [3489-Views]
Food Consumption in the GCC to Grow at a Steady Pace, says Alpen Capital [3456-Views]
Emirates Post Group unveils Two Commemorative Stamp Sets Celebrating UAE's Hosting of COP2... [3428-Views]
Danube Home Announces the Mad Red Sale – The Biggest Loot of the Year! [3423-Views]
Hamdan bin Mohammed leads Dubai Run as 226,000 People take part in World's Largest Communi... [3391-Views]
Revolutionizing Crop Growth: Tadweer Signs $2.5m Milestone Agreement with Aquagrain to Dep... [3341-Views]
World Tennis League Unveils Full Player Roster with Thrilling Matchups Set for Season Two [3333-Views]
ADEK's Khotwa Program Strengthens College Associations in Australia and New Zealand [3255-Views]
RSS Facebook Twitter LinkedDin on Instagram
Top Sections
Top Stories