Tag: PSC amendment

INPEX CORPORATION announced that through its subsidiary INPEX Masela, Ltd, together with its joint venture partner Shell Upstream Overseas Ltd it has signed the Masela Block Production Sharing Contract (PSC) amendment including 7-year additional time allocation and 20-year extension for the Abadi LNG Project, with SKK Migas (Special Task Force for Upstream Oil and Gas Business Activities), in the presence of Ignasius Jonan, Minister for Energy and Mineral Resources of the Republic of Indonesia, in Jakarta.