Our operations

Mubadala's business is structured around four global business platforms that together encompass our interests across 11 sectors and over 20 countries. These platforms allow us to scale and manage our portfolio for growth while maintaining the highest international standards of governance and risk management.

Energy

"Mubadala remains committed to investing in traditional and renewable energy sources to sustainably meet the world’s growing energy demand."

Dr. Sultan Ahmed Al Jaber

Chief Executive Officer, Energy

Global demand for energy is on the rise, particularly as emerging economies continue to grow, industrial activity becomes more intense and the overall population soars. The International Energy Agency predicts that global energy demand will increase 37 percent by 2040. And here in the UAE, we are seeing an annual growth rate of 9 percent. To meet this demand, we will need all sources of energy, including oil, gas and renewables.

With their heritage in hydrocarbons, Abu Dhabi and Mubadala are working to innovate and diversify the global energy sector, as well as their own energy sources. Through Mubadala Petroleum, we are exploring and developing new sources of oil and gas internationally that will contribute to meeting global demand, while ensuring the security and diversity of our gas supply domestically.

The growing competitiveness of renewables is creating significant confidence in the market and enabling the development of more projects each day. Through Masdar, one of the world’s leading renewable energy companies, we are capitalizing on this opportunity and generating close to 1GW of clean energy across Abu Dhabi and the rest of the world.

Mubadala remains committed to investing in traditional and renewable energy sources to sustainably meet the world’s growing energy demand. This approach will ensure continued economic growth and a sustainable, secure energy future for Abu Dhabi and the global economy.

Oil & Gas

Oil & Gas

Mubadala’s first project, the multinational gas production and transportation development operated by Dolphin Energy, provided the basis upon which many of Abu Dhabi’s new industries have been founded.

Twelve years after the first gas flowed via Dolphin’s undersea pipeline from Qatar to the UAE, we continue to build on a proud legacy of expertise in the hydrocarbons sector through Mubadala Petroleum and its upstream oil and gas portfolio.

Working with world-class partners, Mubadala Petroleum is making a positive impact on the communities where it operates in the Middle East, Africa, and Central and Southeast Asia, as well as contributing to Abu Dhabi’s long-term energy security.

Sector Trends

  • Global demand for natural gas is expected to have risen by 2.2 percent per year by the end of 2019. International Energy Agency
  • Middle Eastern economies will continue to drive demand for new and innovative energy resources, with natural gas being the number one demand.Ernst & Young
  • Emirates LNG will be the Middle East’s first land-based LNG regasification facility and will have capacity to import 9 million tons per year.

2014 Highlights

Exceptional safety record

Mubadala Petroleum’s South East Asia operations produced first quartile HSE performance, as compared to data reported on peer companies by the International Association of Oil & Gas Producers, in a busy period that included significant drilling and development activity in addition to regular operations.

Exploration success in Malaysia

A multi-TCF – trillion cubic feet of gas – discovery was made in Malaysia Block SK320. Mubadala Petroleum is now analyzing development and commercialization options.

Manora oil field production begins

Production at this off-shore development, operated by Mubadala Petroleum, commenced in November 2014 and reached the planned peak rate of approximately 15,000 barrels of oil per day (bopd) early in 2015.

Production growth

Mubadala Petroleum’s working interest production averaged 398,000 barrels of oil equivalent per day across an international portfolio, a nine percent increase from 2013.

Continued excellence from Dolphin

Dolphin Energy, a multi-national success story that meets approximately 30 percent of the UAE’s gas demand, had a solid year and progressed work to reinforce the export gas compression facilities in Qatar.

Oil & Gas

Renewables

Population growth, coupled with finite resources, is driving the need for new forms of energy worldwide. Abu Dhabi’s international legacy of expertise and innovation in the energy space, developed in the hydrocarbons industry, now extends across the energy spectrum to renewables.

Through Masdar, our commercially-driven renewable energy company, we are advancing the development, commercialization and deployment of renewable energy solutions and clean technologies. With nearly 1.5 GW of clean power contributing to the grid or under development around the globe, Masdar is delivering and operating some of the world’s most sophisticated and largest renewable energy projects.

Explore our renewables portfolio

Sector Trends

  • Wind and solar are the fastest-growing renewable energy technologies, with solar electricity generated worldwide increasing by a factor of 68 between 2000 and 2013. National Renewable Energy Laboratory
  • The UAE has the region’s largest concentrated solar power plant, the 100 MW Shams 1 project in the emirate of Abu Dhabi.
  • Shams 1 produces enough power for 20,000 homes and displaces approximately 175,000 tons of CO2 a year.

2014 Highlights

A new wind powerhouse for the UK

Masdar partnered with Norway’s Statoil and Statkraft on the Dudgeon Offshore Wind Farm project, set to be one of the largest in the UK with the potential to power 410,000 homes. Construction of the project commenced in 2014, with completion scheduled for the end of 2017.

Abu Dhabi Sustainability Week (ADSW)

Masdar hosted its third annual global forum, uniting thought leaders, policy makers and investors for a week focused on renewable energy and sustainability. Anchored by the 7th World Future Energy Summit, 6th Zayed Future Energy Prize awards ceremony, and 2nd International Water Summit, it attracted over 32,000 visitors from 170 countries, including eight heads of state, 100 government ministers and 5,000 students.

Masdar City attracts global organizations

Masdar City is home to some 250 companies, many of which celebrated 2014 milestones: Siemens, inaugurating its Middle East headquarters; GE, unveiling its ecomagination Center; and Lockheed Martin, opening a Center for Innovation and Security Solutions.

Renewable energy for the GCC

Masdar signed a US $125 million agreement with Oman's Rural Areas Electricity Company to build the first large-scale wind farm in the Gulf Cooperation Council region, with a 50MW capacity and scope to power 18,000 homes.

Region’s first CCUS company unveiled

Masdar and ADNOC unveiled “Al Reyadah,” the Middle East’s first company focused on developing commercial carbon capture, usage and sequestration (CCUS). Construction of the first CCUS project, sequestering up to 800,000 tons of CO2 annually, is underway adjacent to the Emirates Steel Industries (ESI) plant in Mussafah, Abu Dhabi. Completion is set for 2016.

Extending Abu Dhabi’s clean energy impact

Masdar delivered Samoa’s first wind farm, a project financed by the Abu Dhabi Fund for Development’s UAE-Pacific Partnership Fund. The 550 KWe wind farm is anticipated to deliver 1,590 MWh of power. Masdar is also working on four new solar projects in Pacific Island countries.

Pioneering solar-powered flight

Masdar and Abu Dhabi prepared to host the Solar Impulse 2 solar-powered plane, which planned to takeoff from Abu Dhabi for its round-the-world flight scheduled for 2015.

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