Mubadala Awarded West Sebuku block in Indonesia

Mubadala Petroleum in partnership with INPEX, has been awarded the Production Sharing Contract (PSC) for the West Sebuku block in Indonesia.

Mubadala will be the operator with a 75.5 percent interest, with INPEX holding the remaining 24.5 percent interest. Mubadala Petroleum conducted a geological study over the areaduring 2012 and activity will now focus on the acquisition of 3D seismic data over the block.

The West Sebuku PSC is adjacent to the Sebuku PSC where Mubadala Petroleum is also the operator, through its affiliate PEARLOIL (Sebuku) Limited, and is developing the Ruby gas field in partnership with INPEX and Total. First gas is expected from Ruby in the latter part of 2013.

The Ruby field development is progressing as per schedule, and the 312 km-long pipeline that will connect the Ruby platform to the Senipah onshore gas plant, operated by Total, is now complete, Mubadala said in a statement.

Once on stream, gas from Ruby will be delivered to the buyer, PT Pupuk Kalimantan Timur, an Indonesian fertilizer company.