Mubadala Petroleum is building on the UAE’s traditional strengths to develop a world-class exploration and production business, based on proven commercial expertise, effective partnerships, and a commitment to the highest operational standards. The company pursues exploration and production in 12 countries, generating strong financial returns and contributing to diversity and security of supply in meeting the UAE’s growing energy demand.
Mubadala Petroleum was established as a wholly-owned subsidiary of Mubadala in 2012, incorporating and building on the success of Mubadala's Oil & Gas business unit.
It manages assets and operations at all stages of the upstream value chain, with primary focus on exploration and production in the eastern hemisphere. Its working interest production averages 387,000 barrels of oil equivalent per day across a global portfolio.
Mubadala Petroleum participates in a number of major projects including the world-class, multi-national Dolphin Energy initiative, which is central to meeting the energy needs of the UAE; enhanced oil recovery projects in Oman and Bahrain; and production operations in Thailand and Indonesia. Most recently, it announced in November 2014 that oil production has started at its operated Manora fields in the northern Gulf of Thailand.
Lasting partnerships, built with host governments, national and international oil and gas companies, and the communities in which they operate, are central to Mubadala Petroleum’s success. The company continues to grow its capabilities, leveraging its significant operational and technical expertise to advance its portfolio alongside trusted partners.