Strengthening gas leadership through innovation and integrated growth
Adnan Bu Fateem, COO at Mubadala Energy shares his views on scaling the company’s global gas portfolio, deepening its integrated value chain, and deploying advanced digital systems to enhance safety, reliability and low carbon performance
As COO, how are you optimising the gas assets in Mubadala’s portfolio to ensure they serve as a reliable and low-carbon bridge for the energy transition?
Natural gas is at the core of our strategy, representing 70% of our portfolio. That strategy has led us to ramp up production at gas fields like Pegaga in Malaysia while developing new assets, including Tangkulo in Indonesia and our recent 15% acquisition in Egypt’s Nargis concession.
We are also building an integrated position across the value chain. Our Caturus investment in the US, which is integrated from wellhead to water, exemplifies this approach. We’re laser-focused on infrastructure that delivers energy security while supporting communities’ net-zero obligations.
In 2025, Mubadala Energy’s global portfolio saw another expansion with the entry into the US market. How does this global diversification strengthen your overall operational resilience?
Our U.S. entry represents a strategic step in strengthening Mubadala Energy’s natural gas value chain, and marks our first liquefied natural gas (LNG) project in one of the world’s largest energy markets. Through our investment in Caturus, we now have exposure spanning upstream gas production through to LNG export via Commonwealth LNG, reinforcing the integrated nature of our portfolio.
Today, we operate across 11 markets globally, each playing a specific role in our strategy. We’re currently producing 450,000 barrels of oil equivalent per day (boe/d) and are focused on doubling this number within this decade. Our expansion continues with Tangkulo in Indonesia achieving first gas by the end of 2028.
How is Mubadala Energy deploying AI and automated systems to reduce downtime and enhance safety across your global operations?
Digital transformation sits at the core of our operational excellence and health, safety, security, and environment (HSSE) commitment, which has led to clear operational benefits across our upstream portfolio. One of the early initiatives was developing Project Next-Gen HSSE, which is a unified intelligent ecosystem with three layers: wearables monitoring vital signs, AI providing instant safety guidance, and data systems enabling real-time decisions.
Our Remote Diagnostic Services predict equipment failures, preventing unplanned shutdowns and saving cost at Pegaga.
Egypt continues to be an important growth market in your portfolio. What are the opportunities that you see in Egypt to support the country’s energy security?
We are a long-term investor in Egypt and are committed to continue to growing and strengthening our Egyptian portfolio. We recently completed acquisition of a 15% interest in the Nargis concession, adding to our 10% stake in Zohr, and our 20% interest in the Nour concession in the Mediterranean Sea. We also manage a 15% stake in SUMED, operating critical midstream infrastructure connecting the Red Sea and Mediterranean.
The East Mediterranean’s high-quality gas resources are expected to play a key part in meeting growing energy demand — making the region central to our growth strategy.
