ABU Dhabi government-owned Mubadala Petroleum has approached the market for a deep-water semi-submersible drilling rig for a campaign at the South Andaman production sharing contract offshore Indonesia. Drilling sources said that the wholly owned subsidiary of Mubadala Investment will need a rig able to operate in water depths of 1300 metres for the one-well campaign next year at the South Andaman PSC. They added that operator will soon start the pre-qualification process before launching a tender later this year. The campaign is expected to last three to four months, according to sources. The South Andaman PSC is located in the underexplored but proven North Sumatra basin offshore Aceh province. Mubadala Petroleum, led by chief executive Mansoor Mohamed Al Hamed, was awarded the South Andaman PSC via direct tender from in&one-sia's 2018 third round of bidding. With participating interests now in three adjacent blocks, Mubadala is the largest acreage holder in the area, securing the core of the North Sumatra basin for future exploration growth. Mubadala has been involved in the region since 2011 through joint study agreements.
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