Shell confirms withdrawal from Masela PSC offshore Indonesia

Shell Upstream Overseas Services has completed the sale of its 35% interest in the Masela production sharing contract offshore Indonesia to PT Pertamina Hulu Energi and Petronas.
Oct. 18, 2023
Courtesy INPEX
Drillship for the Abadi LNG project
Drillship for the Abadi LNG project

Offshore staff

LONDON — Shell Upstream Overseas Services (SUOS) has completed the sale of its 35% interest in the Masela production sharing contract (PSC) offshore Indonesia to PT Pertamina Hulu Energi and Petronas.

Abadi Gas Field Map
The transaction, which includes the proposed offshore Abadi gas project, followed receipt of regulatory approval from Indonesia’s Ministry of Energy and Mineral Resources.

INPEX operates Abadi, 150 km offshore Saumlaki in Maluku province. SUOS acquired its interest in the PSC in 2011.

10.18.2023

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