Deal insight
Shell acquires 30% in Abadi FLNG from INPEX Masela
Report summary
Shell has signed an agreement to acquire a 30% interest in the Masela PSC in Indonesia from INPEX Masela (a 51:49 JV between INPEX and JOGMEC). The PSC contains the giant Abadi gas field, which is earmarked for development as a floating LNG (FLNG) project - one of the first in the world. No consideration has been disclosed. Based on the current plan of development - for a 2.5 mmtpa FLNG module - we value the asset at US$1.24 billion (NPV10, discounted to 1 January 2011), or US$372 ...
What's included
This report contains
Table of contents
- Executive summary
- Transaction details
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Upstream assets
- Floating LNG
- Deal analysis
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Upsides and risks
- Upsides
- Risks
- Uncertainties
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Strategic rationale
- Shell
- INPEX
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
Images
- Abadi field location and regional FLNG projects
Tables
- Deal analysis: Table 1
- Deal analysis: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Upstream assets: Table 1
- Upstream assets: Table 2
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