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Mubadala energy doubles down, discovers more gas offshore Indonesia

The Business Guardian

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May 14, 2024

Mubadala Energy, the renowned international energy company headquartered in Abu Dhabi and the operator of the South Andaman Gross Split PSC, has unveiled another significant gas discovery from the Tangkulo-1 Exploration well, located in South Andaman, approximately 65 kilometers offshore North Sumatra, Indonesia.

Mubadala energy doubles down, discovers more gas offshore Indonesia

This milestone marks the second deepwater well operated by the company, following the major discovery at the Layaran-1 well, also situated in South Andaman.

The Tangkulo-1 well, drilled to a depth of 3,400 meters in 1,200 meters of water depth, encountered an impressive 80 meters of gas column in a high-quality Oligocene sandstone reservoir. The confirmation of the reservoir’s quality was established through an extensive data gathering campaign, which included obtaining a full core of 72 meters, wireline logging, sidewall core, and pressure and fluid sampling.

Utilizing an innovative Drill Stem Test (DST) design, the well successfully flowed 47 mmscf/d of excellent gas quality and 1,300 barrels of condensate. Despite testing constraints due to facility limitations, the estimated well capacity is expected to be between 80-100mmscf/d and over 2,000 barrels of condensate.

MEER VERHALEN VAN The Business Guardian

The Business Guardian

The Business Guardian

India to maintain stable policy amid moderate inflation, good growth: Ashwini

Union Minister Ashwini Vaishnaw on Thursday assured that India will continue to provide a stable policy environment, ongoing regulatory simplification, robust economic growth and very moderate inflation in the years ahead, conditions he said are ideal for investors.

time to read

1 mins

November 21, 2025

The Business Guardian

The Business Guardian

AIR QUALITY IN DELHI REMAINS ‘VERY POOR’, AQI AT 399

Delhi’s air turns hazardous again as AQI nears severe levels across the city.

time to read

2 mins

November 21, 2025

The Business Guardian

The Business Guardian

Delhi court allows further probe into Samir Modi rape allegations

The Saket District court has permitted Delhi police to conduct further investigation on the record provided by the businessman Samir Modi, while also deferring cognisance of chargesheet filed against the businessman regarding allegations of rape.

time to read

1 min

November 21, 2025

The Business Guardian

The Business Guardian

India registers record exports in both Q1 and Q2 of FY26

India's export sector has delivered a powerful message of resilience and global competitiveness in by far in 2025-26, recording its highest-ever quarterly exports in both Q1 and Q2, and culminating in the highest-ever export performance for the first half of any financial year.

time to read

1 min

November 21, 2025

The Business Guardian

The Business Guardian

FM WARNS PUBLIC AGAINST FAKE ED SUMMONS

In a social media post on X, Finance Ministry stated that these forged documents often closely resemble authentic ED notices

time to read

2 mins

November 21, 2025

The Business Guardian

The Business Guardian

India's renewable energy share in overall power generation to spike 35% by FY30: ICRA

India's renewable energy (RE) share in the overall power generation, including large hydro, is set to exceed 35 per cent by FY2030, up from 22.1 per cent in FY2025, said rating agency ICRA in a report on Thursday.

time to read

1 mins

November 21, 2025

The Business Guardian

The Business Guardian

16-year-old student calls for action against school teachers in suicide note

The 16-year-old Class 10 student, who died allegedly by suicide at the Rajendra Place Metro Station in New Delhi, called for action against his school teachers in his suicide note.

time to read

1 min

November 21, 2025

The Business Guardian

The Business Guardian

'India shines with strong growth & digital push amid rising opportunities in emerging markets

A new global investment outlook has identified emerging market equities as a major pillar of potential opportunities for 2026, with India featuring prominently due to its strong macroeconomic fundamentals, demographic advantages and rapid digital transformation.

time to read

2 mins

November 21, 2025

The Business Guardian

The Business Guardian

Delhi Police bust transnational drug syndicate

The Delhi Police has dismantled a transnational drug trafficking syndicate with the arrest of five Nigerian nationals and the recovery of synthetic narcotics

time to read

1 min

November 21, 2025

The Business Guardian

The Business Guardian

Korean chipmakers gain on robust Nvidia earnings

The stocks of South Korea's top chipmakers rose sharply on Thursday after Nvidia Corp. reported stronger-than-expected earnings for the fiscal third quarter, as per a report by Pulse, the English service of Maeil Business News Korea.

time to read

1 min

November 21, 2025

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