Gulf Oil and Gas accountACCOUNT

INPEX Submits Revised Plan of Development for Abadi LNG Project

Source: www.gulfoilandgas.com 6/21/2019, Location: Asia

INPEX has submitted to Indonesian government authorities a revised Plan of Development (POD) for the Abadi LNG Project. The revised POD is based on an onshore LNG development scheme with an annual LNG production capacity of 9.5 million tons. The Project involves developing the Abadi gas field in the Masela Block located in the Arafura Sea in Indonesia.

The submission of the revised POD follows a series of dialogues between the authorities and INPEX, as the operator of the project on behalf of the Joint Venture (INPEX Masela and Shell Upstream Overseas) to secure the Project’s competitiveness through a Heads of Agreement (HOA) signed with authorities on June 16, 2019(*1). In April 2016, the authorities instructed INPEX to resubmit a POD for the Project, based on an onshore LNG development scheme.

The terms contained in the HOA with the authorities including cost estimation, Production Sharing Contract (PSC) period and financial conditions are also written in the revised POD.

Development News in Indonesia >>

United Kingdom >>  8/15/2019 - C-Kore Systems have completed another successful deployment in the North Sea, on the Greater Guillemot Area field, with the help of the C-Kore subsea ...
Iran >>  8/4/2019 - National Iranian Oil Company (NIOC)’s Exploration Directorate signed four agreements with Iranian universities and knowledge-based companies for resea...

Kazakhstan >>  7/30/2019 - JSC NC “KazMunayGas” (KMG), the Ministry of Energy of the Republic of Kazakhstan and Total E&P Kazakhstan signed a Memorandum of Understanding in digi...
Russia >>  1/29/2019 - Gazprom Neft has won a licensing round for subsoil prospecting, exploration and production rights to the Severo-Stakhanovsky, Novoromanovsky and Puhut...

Russia >>  1/29/2019 - LUKOIL President Vagit Alekperov and Governor of Yugra Natalya Komarova signed a Cooperation Agreement between the company and the region for 2019-202...
United States >>  1/29/2018 - Byron Energy Limited (BYE) is pleased to advise that the Byron operated OCS-G34266 #F3 well (F3) on South Marsh Island Block 71 (SM 71), was drilled t...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Indonesia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |

Oil & Gas Projects in Indonesia >>

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.