Abu Dhabi emirate’s Mubadala announced today that its energy sector will soon begin development of the Ruby gas field in Indonesia with a total investment of USD 500mn.

A statement from Mubadala said that the Ruby gas field has won approval from Indonesia’s upstream oil and gas agency, and the construction works will start shortly.

Pearl Oil, a subsidiary of Mubadala’s Pearl Energy, will have 70 per cent share in Ruby and Total E & P Sebuku and INPEX South Makassar Ltd, with both 15 per cent each, will join as field partners.

The offshore development includes drilling four wells and related facilities and gas will be transported ashore via a 14-inch, 312 km pipeline to a receiving terminal. Gas supply has been scheduled to start by second half of 2013.

"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," Barry O’Donnell, regional vice president, Mubadala Oil & gas and president, Pearl Energy said in the statement.

 

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