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Shell: sells stake in Masela PSC in Indonesia
(CercleFinance.com) - Shell announces that its subsidiary Shell Upstream Overseas Services Limited ("SUOS"), has completed the sale of its 35% stake in the Masela Production Sharing Contract ("Masela PSC") in Indonesia to the Indonesian companies PT Pertamina Hulu Energi and PETRONAS Masela Sdn Bhd ("Petronas Masela"), a sale that includes the Abadi gas project.
The sale's completion follows regulatory approval from the Indonesian Ministry of Energy and Mineral Resources for the transfer of SUOS' interest to PT Pertamina Hulu Energi Masela and Petronas Masela. This divestment is coherent with Shell's emphasis on disciplined capital allocation. Copyright (c) 2023 CercleFinance.com. All rights reserved. |
26/04/2024 17:39
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