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View all search resultsIndonesia's SKK Migas is pushing Japan's INPEX to accelerate development of the Masela Abadi LNG project so it goes onstream as scheduled in late 2029, if not earlier, following decades of delays since the initial contract was inked in 2011.
The government has approved the revised plan of development (POD) for the Abadi liquefied natural gas (LNG) project in the Masela Block, which includes a carbon capture storage (CCS) facility slated to begin operations in 2030.
State-owned oil and gas giant Pertamina is considering looking for a new partner to work on the Abadi liquefied natural gas (LNG) project in the Masela oil and gas block in Maluku, citing the technical complexity of the project.
State-owned oil and gas giant Pertamina and Malaysia’s Petronas have officially acquired Shell’s 35 percent participating interest in the Masela oil and gas block in Maluku, which also includes the Abadi gas project, for US$650 million.
State-owned oil and gas giant Pertamina will make its first payment to take over Shell’s 35 percent participating interest in Maluku’s Masela oil and gas block, the Energy and Mineral Resources Ministry announced on Friday.
Pertamina and Petronas are finally set to conclude taking over Shell's 35 percent shares in the Masela oil and gas block, a process that has been beset by fits and starts, including delays due to the COVID-19 pandemic.
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