Inpex, Shell to boost stakes in Abadi LNG

Inpex Masela Ltd. and Shell Upstream Overseas Services (I) Ltd. have signed an agreement to acquire and split equally a 10% participating interest to be divested by PT EMP Energi Indonesia in the Abadi LNG project offshore Indonesia (OGJ Online, Jan. 25, 2013).

At completion of the deal, shares will be Inpex Masela, the operator, 65% and Shell 35%.

The companies plan to install a floating LNG facility to produce 2.5 million tonnes/year in the first phase of development of Abadi gas field on the Masela Block in the Arafura Sea.

Related Articles

WINTER HITS U.S. INDUSTRY, STRAINS GAS SUPPLY

01/01/1990 A record breaking cold front before and during the weekend of Dec. 23 shut down several major refineries and petrochemical plants in the U.S. Gulf ...

TEX/CON, SPUN OFF FROM BP, UP AND RUNNING

01/01/1990 BP Exploration Western Hemisphere has spun off its U.S. Lower 48 onshore exploration/development and gas gathering, transportation, and marketing a...

SAMEDAN BUYS GULF OF MEXICO PRODUCTION

01/01/1990 Samedan Oil Corp. has expanded its inventory of producing leases in the Gulf of Mexico. The wholly owned subsidiary of Noble Affiliates Inc., Ardmo...

OIL FLOW RISING IN E. CHINA REGION

01/01/1990 Production is building from an oil producing area in the lower reaches of the Yangtze River in eastern China's Jiangsu Province. The northern J...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected