The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

CommoditiesMedium•12 February 2026•

1 min read

Mubadala Energy Awards SLB Offshore Drilling Contracts for Indonesia's Tangkulo Field

A metal factory with glowing hot steel bars moving through machinery, overlaid with a bright green upward-trending arrow.

Mubadala Energy has awarded SLB multiple offshore drilling services contracts for its Tangkulo natural gas deepwater development off the coast of Indonesia. These contracts encompass integrated drilling and well services, leveraging SLB’s advanced technologies to ensure efficient execution and mitigate risks. First gas from the Tangkulo development is anticipated before the end of 2028. This significant project is poised to bolster Indonesia's energy security objectives. The deal represents new business for SLB and a crucial step forward for Mubadala Energy's regional expansion, reinforcing its position in the regional gas market.