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Shell sells stake in Indonesia assets to Pertamina, Petronas for up to $650M (NYSE:SHEL)

Shell sells stake in Indonesia assets to Pertamina, Petronas for up to $650M (NYSE:SHEL)
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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.

Jakarta rayaJawa tengahEast javaJawa timurPetroliam nasional bhd petronasTengku muhammad taufikTengku muhammadArafura seaPertamina hulu energiAsia soo kuoNatuna seaPetronas masela sdn bhdPetronas maselaAdif zulkifliShell upstream overseas servicesi ltdIndonesian petroleum association convention

Shell sells stake in deepwater block off Indonesia

Shell has inked a sale and purchase agreements with Petronas and Pertamina to divest its entire stake in a deepwater block off Indonesia.

Jawa tengahEast javaJawa timurJawa baratNatuna seaArafura seaAbadi lngprojectPetronas maselaDatuk adif zulkifliPertamina hulu energiTengku muhammad taufikInpex maselaIndonesia convention exhibitionIndonesian petroleum associationIndonesia ministry of energyConvention exhibition

Pertamina, Petronas to pay up to $650 million for Shell s Masela gas stake

TANGERANG, Indonesia :Indonesia's Pertamina and Malaysia's Petronas signed an agreement with Shell on Tuesday to buy its 35 per cent stake in the Masela natural gas block for up to $650 million, moving the project forward after years of delay.Pertamina Hulu Energi (PHE) will take 20 per cent and Petronas Mase

Jawa baratSulawesi selatanZoe yujnovichPertamina hulu energiNicke widyawatiTengku muhammad taufikPetronas masela sdn bhdArifin tasrifJapan inpex corpIndonesia petroleum associationIndonesian energyIndonesia ministry of energyIndonesia deepwater developmentChevron corpHulu energiInpex corp

- PETRONAS and PT Pertamina Hulu Energi

- PETRONAS and PT Pertamina Hulu Energi
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Jawa baratJawa tengahEast javaJawa timurTengku muhammad taufikNatuna seaMasela sdnDatuk adif zulkifliArafura seaPertamina hulu energiIndonesia convention exhibitionIndonesian petroleum associationMasela ltdShell upstream overseas servicesi limitedConvention exhibitionPurchase agreement