About Us

Our Story

Mubadala Petroleum is a leading international energy company. We manage assets and operations spanning 11 countries globally, with a primary geographic focus on the Middle East and North Africa, Russia and Southeast Asia.

Established in 2012, we are a wholly-owned subsidiary of Mubadala Investment Company (Mubadala), which is owned by the Government of Abu Dhabi. By incorporating and building on the success of our shareholder’s foundational investments in the oil and gas sector, Mubadala Petroleum is, today, a key strategic pillar of the UAE Investments portfolio of Mubadala.

We are recognized globally as a responsible operator and valued partner, maintaining the highest standards in health and safety, as the wellbeing of our employees, contractors, and local communities which are impacted by our operations remain the top priority. Alongside this, we are committed to delivering robust and sustainable financial returns to our shareholder, with an emphasis on long term value creation. Moreover our community investment programs address local needs, and provide tangible improvements in peoples’ lives. 

We are an investor in both natural gas and advantaged oil assets within our core regions, providing a well-diversified and resilient portfolio mix. Currently, 66% of our portfolio production is natural gas, which is aligned with our target of lowering carbon emissions footprint.

Within the Middle East and North Africa region, we manage our shareholder’s stake in the world-class Dolphin gas project, which is a key import gas supply source to the United Arab Emirates and Oman. We are also non-operating participants in the Mukhaizna heavy oil asset in Oman, and in Egypt’s Zohr producing gas asset, Nour concession, and Arab Petroleum Pipelines Company (SUMED). In Russia, we are a partner in the Gazpromneft-Vostok joint venture, which develops and produces oil reserves in Western Siberia.

In Southeast Asia, we are the operator of the majority of our exploration, development and production assets across Thailand, Indonesia and Malaysia. In Malaysia, development is currently underway on the Pegaga gas project, which Mubadala Petroleum operates, and will be a significant gas supply source into Malaysia’s onshore gas liquefaction project. In Thailand, we also made a strategic shift toward investing in the Erawan project, which is one of the country’s main gas producing assets. In Indonesia, alongside our Ruby producing gas project, which has been reliably supplying gas to the domestic market since 2013, we recently invested in three offshore exploration licenses in the Andaman Sea. Lastly, Mubadala Petroleum expanded its business with a pathfinder investment in an energy fund in the United States, which is focused on early-stage unconventional assets.

Our experience and strong track record of safe and efficient operations in Southeast Asia has allowed us to emerge as a credible and proactive partner in all of our projects, including those where we hold non-operated interests. Lasting partnerships, built with host governments, national and international oil and gas companies, and the communities in which we operate are also central to our success. We continuously gain insights into new markets while deploying new technologies to increase efficiencies, all vital in our evolving industry and for growing our business further.

Finally, Mubadala Petroleum recognizes that our success lies in having a strong team of talented and capable people. We remain deeply committed to developing young talent and local nationals across our assets, as we prepare the next generation of leaders for our industry and beyond.