2009-08-18-2008-03-01

To acquire 90% of co.

Abu Dhabi government-owned Mubadala Development Co. plans to acquire a 90% interest in Pearl Energy Ltd., a subsidiary of Aabar Petroleum Investments Co. PJSC, Abu Dhabi, for approximately US$877.5 million. Pearl operates in Southeast Asia, holding 18 licenses and production-sharing contracts covering 132,900 square kilometers in Indonesia, the Philippines, Thailand and Vietnam. Production at the end of second-quarter 2007 was 20,000 barrels of oil per day.