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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 ...
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The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.
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Deal insight | Jul 2011
Shell acquires 30% in Abadi FLNG from INPEX Masela
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