UAE Company Sets to Drill Another Site In Aceh Water
- Dok. PHE
Aceh – The energy company from the United Arab Emirates (UAE), Mubadala Energy RSC, will conduct the second well drilling off the coast of Aceh after the 2024 Eid al-Fitr.
This drilling activity is a continuation of the successful drilling of Layaran Satu well.
Mahdinur, the Head of the Aceh Energy and Mineral Resources Agency, stated that this exploration activity aims to ensure the oil and gas reserves in Aceh's water.
"This drilling is part of the exploration activity to confirm the oil and gas reserves underground," Mahdinur said on Friday.
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The drilling of the second well will commence in two months, around April or after Eid al-Fitr in 2024.
He continued that the oil and gas exploration process requires several stages and a long time.
"In fact, the first exploration stage, which is searching for oil and gas reserves, takes around 10 years out of the total 30-year oil and gas contract," Mahdinur explained.
"If this second well drilling succeeds, next year they (Mubadala Energy) will begin studies for five years," he added.
If the exploration results in Aceh are successful, he said it would provide many benefits to the region, including increased revenue and job creation.
The Aceh government will fully support this oil and gas exploration activity by providing ease and comfort for investors.
"The Aceh government is also ready to assist Mubadala Energy in terms of licensing and other needs to ensure smooth exploration activities,"
If the oil and gas exploration in Aceh succeeds, he continued, it will have a significant economic impact on the region.
"There will be multiple economic effects, such as increased regional revenue, job creation, and the growth of small and medium-sized enterprises," Mahdinur stated.
He also urged the people of Aceh to seize this opportunity by preparing themselves to work in the oil and gas sector.
