Official: Pertamina Interested in Stake in Inpex Abadi FLNG Project
JAKARTA, June 10 (Reuters) - Indonesia's state energy firm Pertamina is interested in acquiring a stake in the Abadi floating liquefied natural gas (FLNG) project currently being developed by Japan's Inpex and Royal Dutch Shell , an energy ministry official said.
The Abadi project is situated in the Masela block near Indonesia's border with northern Australia. Inpex is looking for a 20-year extension to operate Masela up until 2048 from the current expiry schedule of 2028.
"Informally, Pertamina said they were interested in owning a stake in the Masela block, because this is a new block and it has big potential," Upstream Oil and Gas Director Djoko Siswanto told reporters on Wednesday.
Production at the Abadi LNG development is expected to begin in 2022, three years later than planned.
(Reporting by Wilda Asmarini, Writing by Fergus Jensen; Editing by Himani Sarkar)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Operates 1 Offshore Rigs
- Inpex Halts Construction At Australian LNG Site After Worker Dies (Nov 30)
- Japan's Inpex Says Ichthys LNG Project On Track For March Start (Nov 08)
- Statement: Indonesia To Extend Inpex's Masela LNG Contract By 27 Years (Oct 19)
Company: PT Pertamina more info
- Pertamina's Upstream Arm Produces 15% More Oil, Gas Than Planned (Sep 19)
- Andalas Joins Pertamina in Commercializing Marginal Gas Fields in Indonesia (Sep 02)
- Indonesia Encourages More Exploration, Development Activities in its Waters (Aug 31)
Company: Royal Dutch Shell plc more info
- Shell to Deploy Pioneering Electrolysis Tech at German Refinery (Jan 18)
- Shell Ventures Back Into Solar (Jan 15)
- Shell Braces for Change by Expanding Its Foothold in Electricity (Jan 12)