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Pearl Energy Limited

Pearl Energy Limited  (Visit website)

Austin , TX

Energy Producers- Developers



Pearl Energy is an upstream oil and gas company with exploration, development and production activities in Southeast Asia. Pearl is a wholly owned subsidiary of Mubadala Development Company, the investment and development firm of the Abu Dhabi Government in the United Arab Emirates. Since 2002, Pearl has built a portfolio of 21 contract areas, 17 of which are operated by the company. These areas cover a gross acreage of about 135,000 sq. km in Indonesia, the Philippines, Thailand and Vietnam. Our net production at the end of 2007 stood at 19,000 barrels of oil per day from three fields in Indonesia and our flagship Jasmine offshore development in the Gulf of Thailand. Our activities include geological field work, 2D and 3D seismic data acquisition and interpretation, the drilling of exploration, delineation and development wells, the construction of production facilities, and the production and sale of oil and gas. Our management and senior technical experts located in Bangkok, Ho Chi Minh City, Jakarta, Manila and Singapore each have 15 or more years of experience in the exploration and the development of oil and gas resources in Southeast Asia. We have an active exploration schedule for 2008 with plans for 13 seismic acquisition programs and the drilling of 24 exploration wells across our portfolio. We also plan 47 development wells largely in and around the Jasmine production area in Block B5/27 in the Gulf of Thailand following the construction and installation on location of two additional production platforms (see 2008 Activity Program under Our Operations). We constantly review and manage our portfolio as we seek to expand our business across the Southeast Asia region, both through organic growth and asset and corporate acquisition opportunities.




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