Mubadala

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Ruby Field Development In Indonesia Approved

The development of the Ruby gas field has been approved by BPMIGAS, Indonesia’s Upstream Oil and Gas Executive Agency, allowing the project to proceed to the construction and installation stage.

21 June 2011

The development of the Ruby gas field has been approved by BPMIGAS, Indonesia’s Upstream Oil and Gas Executive Agency, allowing the project to proceed to the construction and installation stage.

The development phase will involve total investment of approximately $500 million by the field partners PEARLOIL (Sebuku) Limited, Total E&P Sebuku and INPEX South Makassar Ltd.

Ruby is located in the Makassar Strait between Kalimantan and the island of Sulawesi, within the Sebuku Production Sharing Contract area, operated by PEARLOIL (Sebuku) Limited , a wholly-owned subsidiary of Pearl Energy which is the Southeast Asia operating arm of Mubadala Oil & Gas, a business unit of Mubadala Development Company. The Block covers 2,345 square kilometers with water depths ranging from 50 to 200 meters.

The offshore development will consist of the drilling of an anticipated four production wells and the installation of two main structures—a wellhead platform, bridge-linked to a production platform. Gas will be transported to shore via a 14 inch, 312 kilometer pipeline and a dedicated receiving terminal, for processing at the Senipah Onshore Gas Plant, operated by TOTAL E&P. It will then be delivered to the buyer, PT Pupuk Kalimantan Timur, which operates a nearby fertilizer plant, under the terms of a wider Natural Gas Sales and Purchase Agreement covering the Sebuku and Mahakam PSCs that was also signed this week. Ruby will be the prime source of supply to fulfill the contract once the field comes on stream in the latter part of 2013.

Barry O’Donnell, Regional Vice President, Mubadala Oil & Gas and President, Pearl Energy, said, “Ruby is our first full-field, operated development project in Indonesia, and as such it is an important project for us to have brought to the point of sanction. Our efforts will now be directed to working with our contractors to deliver Ruby into production safely and on schedule.” Partners in Ruby are:

  • PEARLOIL (Sebuku) Limited, Operator 70%
  • Total E&P Sebuku 15%
  • INPEX South Makassar Ltd 15%

Further information:

Andy Mitchell, Director, Corporate Communications, Mubadala Oil & Gas
D: +971 2 413 3279
M: +971 55 700 7248

Salam Kitmitto, Senior Account Manager, Edelman
M: +971 50 800 8268

About Mubadala Development Company

Mubadala Development Company (Mubadala) is a catalyst for the economic diversification of Abu Dhabi. Established and owned by the Government of Abu Dhabi, the company’s strategy is built on the management of partnerships and long-term, capital-intensive investments that deliver strong financial returns and tangible social benefits for the Emirate of Abu Dhabi, and contribute to the growth and diversification of its economy.

Mubadala brings together and manages a multi-billion dollar portfolio of local, regional, and international investments and partners with leading global organizations to operate businesses across a wide range of industry sectors including aerospace, energy, healthcare, industry, information communications and technology, infrastructure, real estate and hospitality. For more information about Mubadala please visit http://www.mubadala.ae

About Mubadala Oil & Gas

Mubadala Oil & Gas is a business unit within Mubadala with exploration and production interests in the Middle East, North Africa, and Central and Southeast Asia. In 2010, net working interest production was approximately 382,000 barrels of oil equivalent per day. Its portfolio includes Pearl Energy, a wholly-owned subsidiary of Mubadala that operates a range of exploration, development and production assets in Southeast Asia.