
Indonesia, Inpex Agree Upon Masela Block Development
The Indonesian Government and Japanese Oil Company Inpex have reached an around-USD20-billion-agreement in the development of the giant gas field of Masela Block in the Arafuru Sea, Maluku. “Both parties have achieved a win-win solution through a revenue-sharing scheme, where the Government would receive at least 50%,” Minister of Energy and Mineral Resources Ignasius Jonan […]