A Bigger Road at Masela

The Masela Block shares takeover negotiations between Shell and Pertamina will be completed soon. There are additional costs to cut carbon emissions.

Retno Sulistyowati

June 26, 2023

OVER the past several months, the management of Pertamina has sat at two negotiation tables. On one table, Pertamina negotiated with Shell Upstream Overseas Services Ltd to take over participating rights in the Masela Block Abadi Project. Shell owns 35 percent rights in the gas project located in the Arafura Sea, Maluku. On another table, Pertamina is in negotiations with Malaysian company, Petroliam Nasional Berhad or Petronas, to establish a co

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