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    Shell confirms withdrawal from Masela PSC offshore Indonesia

    Oct. 18, 2023
    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.
    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

    Related

    Courtesy INPEX
    Orange represents the Abadi gas field, while the gray area represents the Masela Block.
    Courtesy INPEX
    The gray region represents the Masela Block, while the orange area represents the gas field.
    (Courtesy Fugro)
    The Seafloor Drill 2 in action in the Great Australian Bight, 2,200 m (7,218 ft) below sea level.
    INPEX
    INPEX and partner Shell will develop the giant Abadi field in the Arafura Sea via an offshore production facility and a 9.5 MM metric tons/yr (10.47 MM tons) onshore LNG plant, at a total estimated cost of $20 billion.