Mubadala Petroleum, the Abu Dhabi-based international energy company, unveiled its new brand “Mubadala Energy” on 6/9/2022.
Mansour Mohamed Al Hamed, CEO of Mubadala Energy, says that the brand reflects a new strategic direction that will see Mubadala Energy consolidate its contributions to the energy transition, expand its natural gas-focused portfolio to include LNG, and expand into new low-emissions energy sectors such as Blue hydrogen and carbon capture, with a strategic focus on reducing emissions from its operations and driving innovation and technology across its operations.
He explained that in light of the increasing demand for natural gas, and the company’s business portfolio reliance on it, as it constitutes 70% of its production, it is possible to contribute to meeting this demand, so that gas becomes a bridge towards the transformation process.
The company is active in the fields of production and exploration in more than 10 countries, where the company generates strong financial returns for Mubadala.
Mubadala Energy manages assets and operations covering all stages of the E&D value chain, with a particular focus on exploration and production in the Eastern Hemisphere.
Mubadala Energy is a major participant in a number of major projects such as the Dolphin Energy project, which plays an important role in meeting energy demand in the United Arab Emirates. There is also a project to boost oil extraction rates in the Sultanate of Oman, the giant Zohr gas field project in Egypt, and a joint venture in Russia with “Gazpromneft-Vostok”, to develop and produce oil reserves in West Siberia. In Southeast Asia, the company operates most of its exploration, development and production projects in Thailand, Indonesia, Malaysia and Vietnam