Mubadala Petroleum announced on Monday that it made a significant gas discovery in Malaysia.
This is the fourth discovery within its operating block.
Mubadala Petroleum is a unit of Abu Dhabi’s investment fund Mubadala.
The company said it found substantial gas in the Pegaga well in its operating Block SK320.
“Together these discoveries represent a very significant hydrocarbon resource, with the potential for a commercially attractive, integrated development,” said Maurizio La Noce, CEO of Mubadala Petroleum.
Mubadala Petroleum operates Block SK320 with a 55 percent interest.
Petronas holds 25 percent, and Sarawak Shell Berhad holds the remaining 20 percent.
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