Mubadala Energy aims to double output in ten years, with gas at around 70%

Mubadala Energy, the Abu Dhabi energy company, wants its output to reach twice its current level within ten years, with natural gas expected to make up around 70 percent of its holdings. Acting Chief Executive Officer Adnan Bu Fateem set out the goal at ADIPEC 2026, the company said in a statement on Thursday, November 5.

Speaking during the event, Bu Fateem said the company now has to turn its plans into growth that is disciplined and operations that are reliable. The aim, he said, is to meet the world’s growing need for energy responsibly while creating lasting value for shareholders and for the countries that host its projects.

Ten countries, seven producing assets

Mubadala Energy works in 10 countries today. It has seven assets in production, spread across Southeast Asia, the Middle East, the Eastern Mediterranean and the United States. Bu Fateem said this spread lets the company keep a balance between fields already producing, projects under development and exploration prospects.

He added that the company is studying investments at every stage of the gas business. The goal is to bring cost-competitive gas supplies to buyers whose needs stretch far into the future.

In the United States, its most recent market, Mubadala Energy holds an investment in Caturus LLC. That stake gives it gas output in the Haynesville Basin and a share in the Commonwealth liquefied natural gas (LNG) project. Commonwealth was sanctioned with a Final Investment Decision in May 2026. It is designed to produce 9.5 million tonnes a year, and plans to take it to 16 million tonnes have recently been announced. Bu Fateem called Caturus a base for expanding further across North America.

The company has also finalised a deal in Egypt for 15 percent of the Nargis Offshore Area. That stake sits alongside its interests in the Zohr and Nour concessions.

Pegaga upgrade completed in 10 months

To show how existing fields can deliver more, Bu Fateem pointed to Pegaga, off the coast of Sarawak in Malaysia. The company upgraded the offshore platforms there within 10 months of the project being approved. Pegaga can now handle 750 million standard cubic feet a day, which is 30 percent more than before.

The extra volumes add to the gas reaching the Bintulu LNG complex, he said. He noted that the work was done safely, with no injuries or incidents recorded. Mubadala Energy says it is still looking for ways to grow the field further.

Indonesia is at the heart of the next phase, which centres on turning recent finds into producing fields. In South Andaman, the Layaran and Tangkulo discoveries operated by the company are estimated to contain more than 8 trillion cubic feet of gas. The company is moving the Tangkulo development forward, drawing on its long exploration record in the Andaman Sea.

Emissions down 30.9 percent

On climate, Bu Fateem described the company’s approach as practical and accountable. Last year, the company says, its Scope 1 and Scope 2 greenhouse gas emissions fell by 30.9 percent. It is also working to use energy more efficiently, limit flaring and methane releases, and make its equipment more dependable.

Digital tools are central to that work. Predictive maintenance and live data from operations help staff catch faults early, avoid needless shutdowns and use resources better. At Pegaga, a Digital Twin system gives teams real-time readings on the wells and reservoirs, and shows when maintenance is due.

Bu Fateem said the company checks its environmental results through formal reporting and verification. It measures progress against its sustainability priorities and publishes the figures each year in its sustainability report.