Mubadala manages assets, operations in 11 global markets: Mubadala CEO

Mubadala manages assets, operations in 11 global markets: Mubadala CEO

ABU DHABI - Mansoor Mohamed Al Hamed, Chief Executive Officer of Mubadala Energy, said that the company is currently managing assets and operations in 11 global markets, with a focus on Southeast Asia.

In an interview with the Emirates News Agency (WAM), on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2022, Al Hamed said that Mubadala Energy is the preferred partner of many governments, enabling it to engage in new markets, including in Southeast Asia, the Middle East and North Africa, and Russia.

The company has achieved a key milestone this year, by producing 500,000 oil barrels per day for the first time since its launch a decade ago, an increase of 22 percent compared to 2021, due to several strategic projects focussing on natural gas, he added.

Mubadala Energy recently announced new natural gas discoveries in the Andaman II gas field, adjacent to the Andaman I and South Andaman fields managed by the company in Indonesia, in addition to the discovery of gas in the “Chinke-1 exploration offshore well SK320” in Malaysia.

Speaking about the company’s efforts to expand to low-emission energy sectors, Al Hamed said that the energy sector is currently witnessing changes. The petroleum product industry