Shell subsidiary sells stake in Indonesia’s Masela PSC for $325m
Shell Upstream Overseas Services (I) Limited (SUOS), an affiliate of Shell plc, has finalized its divestment of a 35% interest in Indonesia’s Masela Production Sharing Contract (Masela PSC) for a base consideration of $325 million in cash. This deal, which also encompasses the Abadi gas project, comes after attaining the necessary regulatory approval from Indonesia’s […]