PERTAMINA is confirmed to be the new investor for the development of Abadi Gas Field in the Masela Block, Maluku. The state oil company will work alongside Inpex Corporation, a Japanese company, in managing the giant oil and gas block.

Upstream Oil and Gas Special Regulatory Task Force (SKK Migas) Chairman Dwi Soetjipto said that Pertamina is currently negotiating with Shell Overseas Ltd that holds a 35 percent participating interest in the Masel