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  • INPEX Signs Amendment and Extension to the Production Sharing Contract(PSC)for Abadi LNG Project
    édité le 11/10/2019 - Plus de news de "INPEX" - Voir la fiche entreprise de "INPEX"


INPEX Signs Amendment and Extension to the Production Sharing Contract(PSC)for Abadi LNG Project
INPEX CORPORATION (INPEX) announced that through its subsidiary INPEX Masela, Ltd, together with its joint venture partner Shell Upstream Overseas Ltd. (Shell), it has signed the Masela Block Production Sharing Contract (PSC) amendment including 7-year additional time allocation and 20-year extension for the Abadi LNG Project, (the Project), with SKK Migas (Special Task Force for Upstream Oil and Gas Business Activities), in the presence of Ignasius Jonan, Minister for Energy and Mineral Resources of the Republic of Indonesia, in Jakarta. This signing marks the execution of a formal agreement on the PSC terms previously agreed and announced as part of the approval of the Abadi LNG Project’s Revised Plan of Development (POD) by the Government of Indonesia in July 2019*.

The Project is the first large-scale integrated LNG development project operated by INPEX in Indonesia. The Abadi gas field features excellent reservoir productivity and contains significant resource volumes, raising expectations of efficient development and stable LNG production operations over the long-term. The Project will provide significant contributions to the Republic of Indonesia and bring multiplier effects to Indonesia particularly in the eastern region.

INPEX will continue to work closely with its partner Shell to deliver a globally competitive onshore LNG development beginning with preparations to commence FEED (Front End Engineering Design).

(*) Announced on July 16, 2019

About INPEX

INPEX CORPORATION is Japan’s largest exploration and production (E&P) company, and a mid-tier E&P player just behind the world’s oil majors. INPEX is currently involved in approximately 70 projects across more than 20 countries, including the Ichthys LNG Project in Australia as Operator. Through sustainably growing its oil and gas development business, developing a global gas value chain business and reinforcing its renewable energy initiatives, INPEX aims to become a leading energy company and continue providing a stable and efficient supply of energy to its customers.

About Royal Dutch Shell plc

Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.


Origine : Communiqué INPEX

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