The Layaran-1 discovery provides the foundation for future organic growth and additional exploration drilling activities in 2024
The deal facilitates knowledge sharing between the two entities while exploring potential joint investments in upstream projects
The companies will look at developing technical solutions to decarbonise or improve the energy efficiency of upstream oil and gas assets among other initiatives
Mubadala Energy will expand across the gas value chain, while exploring investment opportunities in new energy sectors such as blue hydrogen and carbon capture