Shell to invest US$20b in Indonesia’s Masela block: Minister

June 07, 2012

JAKARTA, June 7 – Shell will invest US$20 billion (RM63.28 billion) in Indonesia’s Masela block starting in 2013 and ending in 2018-2019, Indonesia’s Chief Economic Minister Hatta Rajasa said today.

Production was expected to begin at the Abadi natural gas field in the Masela Block in Indonesia’s Arafura Sea in 2018.

“Shell will gradually invest US$20 billion,” Rajasa told reporters. – Reuters