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Jakarta Post

Shell begins divestment process of gas rich Masela Block

  • The Jakarta Post

Jakarta   /   Wed, August 26 2020   /  01:00 am
Masela oil and gas block(Courtesy of/maritim.go.id)

Shell has received government permission to open geological data on the gas-rich Masela block in Maluku to potential buyers, marking its first step in divesting the asset. The company will divest the block over an estimated 18 months time while the block’s lead operator, Japan’s Inpex Corp, and the Upstream Oil and Gas Special Regulatory Taskforce (SKK Migas) would focus on developing the nationally-strategic Abadi gas project within the block, said an SKKMigas official. “The aim is to have [Abadi] onstream by 2027 and we have agreed with operators to try and stick with this schedule,” SKKMigas head Dwi Soetjipto told lawmakers on Monday. He emphasized that Shell would continue developing the Abadi field despite having received permission from the Energy and Mineral Resources Ministry and the Investment Coordinating Board (BKPM) to begin divestm...