Mubadala Petroleum is investing in the future, both in terms of our portfolio and our people.
 
We are doing this from a strong base. From our beginnings as the catalyst for the Dolphin Gas Project and, more recently through the establishment of our operated business in Southeast Asia and the successful delivery of a series of exploration and development projects we have demonstrated our capabilities as a fully-edged exploration and production business.

Our challenge now is to build on that solid foundation and use the very distinctive position we hold in the market as a truly international, nationally-owned oil and gas company to deliver our aspiration to become recognized as a leading international exploration and production company.

We are working through a challenging period in the oil and gas sector, in common with our peers in the industry. Nevertheless, the resilience shown by our organization has been outstanding, with efficiency gains and portfolio adjustments that have positioned us to prosper further as the market rebalances and also to secure opportunities to continue our business growth.

At an operational level, our key producing asset, Dolphin continues its strong performance and recorded its sixth trillionth cubic foot early in 2016.  The operated projects we have delivered in Thailand and Indonesia are producing efficiently and safely, and we are now focused on moving our multi-TCF gas discoveries in Malaysia forward for development.

At the very heart of our success are three unique factors:

  • The nature and strength of our partnerships, be they with host governments, international and national oil company partners or the communities in which we operate.
  • The strong support we receive from our owners, Mubadala Development Company and its sole shareholder, the Government of Abu Dhabi, which brings not just a solid financial foundation but also strong government-to-government relationships, which are so important in a strategic sector such as oil and gas.
  • Last, but not least, is our people; we have an incredible blend of experienced industry professionals working alongside talented national staff. While diverse in terms of nationality and background, all share a common purpose, passion and performance-driven culture, and a belief in delivering our shared goals. We will continue to build and develop our team.

In focusing on our strengths and embracing both the traditional and innovative solutions that have brought us success, Mubadala Petroleum remains committed to delivering exceptional value from the assets and partnerships in which we have invested.

Dr. Bakheet Al Katheeri
Chief Executive Officer