Pertamina Hulu Energi (PHE) will take 20 per cent and Petronas Masela Sdn Bhd will take a 15 per cent stake in the Indonesian gas block, the companies said at a signing ceremony at the Indonesia Petroleum Association conference.
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