Petronas acquires 15% interest in Indonesian PSC from Shell

JAKARTA: Petroliam Nasional Bhd’s (Petronas) subsidiary Petronas Masela Sdn Bhd has inked a sale and purchase agreement (SPA) with Shell Upstream Overseas Services (I) Ltd to acquire a 15% participating interest in the production sharing contract of the Masela Block (Masela PSC) in Indonesia.

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