Mubadala Energy

What Mubadala Energy does

Mubadala Energy is an Abu Dhabi-headquartered international upstream and midstream energy company, wholly owned by the Government of Abu Dhabi through Mubadala Investment Company. The company operates a portfolio spanning 11 countries across the Middle East, North Africa, Southeast Asia, Russia, and the United States, producing more than 450,000 barrels of oil equivalent per day (boed) from a mix that is approximately 70% natural gas and 30% oil. Its core upstream assets include operated deepwater gas positions in Indonesia's Andaman Sea (Layaran, Tangkulo, and the newly added Southwest Andaman block at 100% interest), Malaysia's Pegaga field in SK320, Egypt's Zohr supergiant and Nargis concession, Israel's Tamar field, Russia's Gazpromneft-Vostok joint venture, and Oman's Mukhaizna oil field. Midstream infrastructure is anchored by a managing shareholder interest in Dolphin Energy (the Qatar-to-UAE/Oman pipeline) and a 24.1% stake in Caturus, which holds the 9.5 Mtpa Commonwealth LNG export terminal in Louisiana that reached Final Investment Decision in May 2026 with $9.75 billion of project financing closed.

The company's business model is built on equity production from operated and non-operated upstream assets, complemented by pipeline transportation fees (Dolphin Energy) and projected LNG export revenues from Commonwealth LNG starting in 2030, where offtake has been secured with EQT, Glencore, Mercuria, PETRONAS, and Aramco Trading. Distribution follows an enterprise/government partnership model rather than retail sales, with the company partnering with national oil companies and host governments under Production Sharing Contracts in Indonesia, Malaysia, Egypt, and Russia, alongside long-term LNG offtake contracts with global energy traders. Underlying technology centers on deepwater exploration and drilling capability (validated by discoveries in 1,200+ meter water depths), LNG liquefaction infrastructure, and digital systems for AI-assisted safety monitoring and predictive maintenance deployed across the operating footprint.

In 2022, the company rebranded from Mubadala Petroleum to Mubadala Energy to signal a strategic pivot toward expanding across the integrated gas value chain and entering new energy sectors, including blue hydrogen (via Masdar), carbon capture and storage (via Pertamina and OMV/PARCO), and geothermal exploration (with Pertamina Geothermal Energy and Chevron). The 2025 entry into the United States through the Caturus platform marked the company's first major non-Eurasian operational geography and added a Gulf Coast LNG export dimension to a portfolio previously concentrated in regional pipeline and LNG supply. The company reported a 36.5% reduction in Scope 1 and 2 greenhouse gas emissions and a 55% reduction in average emissions intensity in its 2024 Sustainability Report, prepared in accordance with GRI Standards and aligned with TCFD recommendations.

Name

Mubadala Energy

Legal name

Mubadala Petroleum LLC

Website

https://mubadalaenergy.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Mubadala Energy is an Abu Dhabi-based international energy company operating in 11 countries, producing 450,000+ boed from a 70% gas-weighted portfolio spanning upstream oil and gas fields, midstream pipeline (Dolphin Energy), and LNG export infrastructure (24.1% of Caturus/Commonwealth LNG), serving host governments, national oil companies, and global LNG buyers.

Ownership category

akta.pro rank

Product category

Oil and Gas Exploration and Production

NAICS

Oil and Gas Extraction (211), Pipeline Transportation of Natural Gas (4862)

SIC

Crude Petroleum & Natural Gas (1311), Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Production Operations & Artificial Lift (Surface Facilities, Compression, Flow Assurance) (EUAAAAAK)

akta.pro secondary industries

Oil & Gas Facilities Asset Management (Refining/Terminals/LNG) (EUAEAMAG), Distributed Energy & Gas Solutions Sales (CHP, Microgrids, On-site Gas Supply) (EUAAADAJ)

Keywords

• Upstream oil gas
• Natural gas production
• LNG export operations
• Offshore deepwater drilling
• Energy exploration production

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Oil and Gas Production: Equity production from operated and non-operated assets across 11 countries, producing over 450,000 boed with 70% gas weighting
2. LNG Export: Through 24.1% stake in Caturus, participating in LNG export revenues from Commonwealth LNG facility expected to generate $3 billion+ annual export revenue from 2030
3. Gas Pipeline Transportation: Managing shareholder interest in Dolphin Energy, transporting gas from Qatar to UAE and Oman

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Mubadala Energy is an international energy company that explores, develops, and produces oil and natural gas across 11 countries, with a portfolio approximately 70% weighted toward gas and producing over 450,000 barrels of oil equivalent per day. The company operates across the full gas value chain, from upstream exploration and production in deepwater and conventional assets (Andaman Sea, Malaysia, Egypt, Israel, Russia, Oman) to midstream infrastructure including the Dolphin Energy pipeline and a 24.1% stake in Commonwealth LNG (a 9.5 Mtpa U.S. LNG export facility). It is also pursuing new energy transition initiatives such as blue hydrogen, carbon capture, and geothermal energy.

Product overview

Mubadala Energy is an international energy company headquartered in Abu Dhabi with operations spanning 11 countries. The company operates a portfolio that is approximately 70% natural gas and 30% oil, producing over 450,000 barrels of oil equivalent per day. Its business model spans the full energy value chain from upstream exploration and production (gas fields in Southeast Asia, Egypt, Israel, Russia, Oman) through midstream infrastructure (Dolphin gas pipeline, Commonwealth LNG export terminal) to new energy transition initiatives. The company was rebranded from Mubadala Petroleum to Mubadala Energy in 2022 to reflect its strategic expansion across the gas value chain and into new energy sectors. Recent milestones include entry into the U.S. market via investment in Caturus and the Commonwealth LNG final investment decision in 2026.

Differentiator

Problem solved

Functional benefit

Brands

• Caturus: An integrated natural gas and LNG platform formerly known as SoTex HoldCo, building America's first integrated gas independent to deliver low-cost natural gas from wellhead to water. Mubadala Energy holds a 24.1% equity stake.

Products and services

• Upstream Gas Production

Quantifiable outcome

• 36.5% reduction in Scope 1 and 2 GHG emissions
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature2 records

Partnerships

17 partnerships are on record, tiered core and strategic.

• Technip EnergiescoreTechnology or Integration · 15 May 2026EPC contractor for Commonwealth LNG export facility construction. Authorized to order major long-lead equipment using modular construction approach to improve safety and efficiency.
• Baker HughescoreTechnology or Integration · 15 May 2026Equipment supplier for Commonwealth LNG facility. Providing six mixed-refrigerant compressors powered by LM9000 gas turbines for LNG liquefaction process.
• HoneywellcoreTechnology or Integration · 15 May 2026Equipment supplier for Commonwealth LNG facility. Providing six main cryogenic heat exchangers for LNG production process.
• Solar TurbinescoreTechnology or Integration · 15 May 2026Equipment supplier for Commonwealth LNG facility. Providing four Titan 350 gas turbine-generators for power generation at the terminal.
• EQTcoreChannel Partner/ Reseller/ Distributor · 15 May 2026Long-term LNG offtake agreement secured for Commonwealth LNG exports. EQT is a major U.S. natural gas producer and LNG buyer.
• GlencorecoreChannel Partner/ Reseller/ Distributor · 15 May 2026Long-term LNG offtake agreement secured for Commonwealth LNG exports. Global commodities trading house.
• MercuriacoreChannel Partner/ Reseller/ Distributor · 15 May 2026Long-term LNG offtake agreement secured for Commonwealth LNG exports. Global energy and commodities trading company.
• PETRONAScoreChannel Partner/ Reseller/ Distributor · 15 May 2026Long-term LNG offtake agreement secured for Commonwealth LNG exports. Malaysia's national oil company and major LNG buyer.
• Aramco TradingcoreChannel Partner/ Reseller/ Distributor · 15 May 2026Long-term LNG offtake agreement secured for Commonwealth LNG exports. Trading arm of Saudi Aramco.
• ChevroncoreStrategic or Co-development Partner · 19 February 2026Nargis Offshore Area concession operator with 45% interest. Mubadala Energy acquired 15% participating interest from Eni. Concession located in East Nile Delta Basin approximately 50km offshore Egypt.
• SLBcoreTechnology or Integration · 12 February 2026Multiple offshore drilling services contracts for Tangkulo deepwater gas development in Andaman Sea, Indonesia. Scope includes directional drilling, cementing, wireline, well testing, and completions across full well lifecycle. First gas targeted before end of 2028.
• PLN Energi Primer IndonesiacoreStrategic or Co-development Partner · 3 December 2025Heads of Agreement to supply gas from Tangkulo gas field in Andaman Sea to support Indonesia's energy resilience. Framework for prioritizing energy supply for North Sumatra and Aceh, reducing reliance on LNG imports.
• Harbour EnergycoreStrategic or Co-development Partner · 11 September 2024Awarded Central Andaman licence with Harbour Energy as operator (60% interest, Mubadala Energy 40%). Builds on successful South Andaman drilling campaign and Timpan-1 discovery in Andaman II.
• Pertamina Geothermal Energy and ChevronstrategicStrategic or Co-development Partner · 14 November 2023Joint Study Agreement to explore geothermal potential in Kotamobagu, North Sulawesi, Indonesia. Supports Indonesia's target of 3.3 GW installed geothermal capacity by 2030.
• PertaminastrategicStrategic or Co-development Partner · 25 July 2023MoU to explore carbon capture, utilization and storage (CCUS) applications in Indonesia. Framework to evaluate CCUS solutions for existing asset portfolios and explore potential joint investments.
• MasdarstrategicStrategic or Co-development Partner · 17 July 2023Agreement to explore decarbonization and energy transition initiatives. Collaboration to leverage Mubadala Energy's operational expertise with Masdar's clean energy technologies including green hydrogen and renewables.
• OMV and PARCOstrategicStrategic or Co-development Partner · 19 January 2023MoU to explore opportunities in sustainable fuels and feedstock production in Pakistan. Collaboration in circular economy initiatives including plastics recycling and synthetic fuel development.

Scale indicators12 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Eni: Italian integrated major that sold its 15% Nargis concession interest to Mubadala Energy in 2026 and is a long-standing partner in Egypt's Shorouk/Zohr concession. Comparable as a multi-country upstream operator with Mediterranean and African gas weighting.
• QatarEnergy: Qatar's national energy company and the upstream source of gas transported via Mubadala Energy-affiliated Dolphin Energy pipeline. Direct peer in large-scale gas production, LNG export, and cross-border pipeline operations across MENA.
• Woodside Energy: Australia-headquartered international gas-weighted E&P and LNG producer (Browse, Pluto, Scarborough). Direct peer in gas-LNG strategy, deepwater operating capability, and integrated upstream-to-LNG value chain similar to Mubadala Energy's Andaman-to-Commonwealth model.
• PETRONAS: Malaysia's national oil company and a long-term LNG offtake customer of Commonwealth LNG; also a JV partner with Mubadala Energy on Malaysia's SK320 Block (Pegaga gas field). Direct peer in international gas-weighted E&P and LNG marketing with comparable global footprint.
• Cheniere Energy: U.S. LNG export market leader at Sabine Pass and Corpus Christi. Direct peer as the benchmark U.S. Gulf Coast LNG operator, comparable to Commonwealth LNG's positioning in Louisiana and Kimmeridge's integrated upstream-plus-LNG model.
• ADNOC: Abu Dhabi National Oil Company — fellow UAE state-affiliated international energy company with similar upstream, midstream, and LNG strategy. Closest direct peer given shared sovereign backing, gas-weighted portfolio, and integrated value-chain focus.
• Kimmeridge: U.S.-based energy firm focused on integrated natural gas and LNG; Mubadala Energy's core strategic partner and operator of the Caturus platform. Direct peer as an integrated U.S. gas/LNG independent pursuing a similar wellhead-to-water strategy.

Regional players

• Santos: Australia and Asia-Pacific gas-weighted E&P and LNG operator with similar exposure to deepwater developments and long-term Asian LNG buyers. Comparable regionally given overlapping Southeast Asian gas markets and customer bases.

Emerging players

• Wintershall Dea: European gas-focused E&P with comparable upstream-gas-centric portfolio across MENA and the North Sea, plus midstream/LNG exposure. Emerging-player peer in terms of international scale but similar strategic emphasis on natural gas as a transition fuel.
• Harbour Energy: UK-listed international upstream operator partnered with Mubadala Energy as operator (60%) on the Central Andaman licence. Emerging-player peer with comparable deepwater exploration capability and North Africa/Southeast Asia asset mix.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/MubadalaEnergy
• Facebookfacebook.com/mubadalaenergyofficial
• LinkedInlinkedin.com/company/mubadalaenergy
• Instagraminstagram.com/mubadalaenergy

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments6 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mubadala Energy