Deal Insight
Pertamina-PETRONAS consortium acquires Shell's Abadi LNG stake
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 25 July 2023, Shell announced the sale of its 35% stake in the Masela PSC to a consortium of Pertamina and PETRONAS for a combined US$650 million. Half of the consideration is payable upfront, with the remainder contingent upon a final investment decision being taken. The long-trailed deal is a positive step for Indonesia's giant Abadi LNG project, which has been beset by a series of development revisions since an initial Plan of Development was approved in 2010.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
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Strategic rationale
- Pertamina
- PETRONAS
- Shell
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Upstream assets: Table 1Deal analysis: Table 1
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Deal analysis: Table 2Deal analysis: Table 3Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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