Mubadala Energy & Masdar to explore scopes on decarbonization initiatives

Mubadala Energy & Masdar to explore scopes on decarbonization initiatives

Officials during the signing ceremony.



Mubadala Energy and the Abu Dhabi Future Energy Company (Masdar) have entered into an agreement in order to explore and potentially engage in opportunities relating to decarbonization and energy transition initiatives.

The partnership will see both companies jointly explore collaborations that utilize Mubadala Energy’s deep technical capabilities across its operated and non-operated portfolio, together with Masdar’s world-leading expertise in decarbonization and energy transition technologies.

The partnership will cover a range of synergistic areas with a focus on Mubadala Energy’s core regions, including the Middle East and North Africa (MENA) and Southeast Asia (SEA), and with the option of exploring other regions of mutual interest.

This comprises technical solutions to decarbonize or improve the energy efficiency of upstream oil and gas assets, potential joint investments in value-accretive new energy and lower carbon projects, and collaboration on emissions management initiatives.

Mohamed Jameel Al RamahiCEO – Masdar

“Masdar believes that energy sector investments must support scalable clean energy alternatives, new solutions for hard-to-abate industries, and more efficient use of natural resources, to mitigate climate change while ensuring a sustainable energy supply. This landmark agreement with Mubadala Energy aligns with those objectives and with our shared ambition to position the UAE at the