Deal Insight
Pertamina-PETRONAS consortium acquires Shell's Abadi LNG stake
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
-
Strategic rationale
- Pertamina
- PETRONAS
- Shell
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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