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Jakarta Post

Report on Shell's Masela exit a 'wake-up call', says analyst

  • Stefanno Reinard Sulaiman

    The Jakarta Post

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Jakarta   /   Tue, May 7, 2019   /  04:17 pm
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An offshore gas platform operates the Masela Block in the Arafura Sea. (Courtesy of/maritim.go.id)

A Reuters report on Royal Dutch Shell’s plans to withdraw from the development of the gas-rich Masela Block should be a wake-up call to the government to accelerate its completion of the project, which has been delayed by nearly a decade, an analyst says. Researcher Pri Agung Rakhmanto of Jakarta-based research group ReforMiner Institute said the government should take the report as a warning, that it would lose a big investor in the country’s oil and gas sector if it was not serious about resolving uncertainties in the project. “It’s a warning for government that if clarity and certainty is not  provided soon on the project investment, which is actually in our sights, it will be back to zero,” he told The Jakarta Post on Monday. A series of policy changes in the past few years, such as a change from...