Shell Jokowi Meet to Discuss Fate of Investment Masela
Shell received information that the portion of its management rights in the Masela shrinking because of changes in the development of the block into the scheme on land (onshore).
Officials Royal Dutch Shell Plc in the entourage of Dutch Prime Minister Mark Rutte is scheduled to meet President Joko Widodo (Jokowi) at the State Palace, Jakarta, Wednesday (23/11) afternoon. In addition to discussing investment plans in Indonesia, a Dutch energy company wants to discuss the fate of the development of the Masela block.
Based on information obtained Katadata , Shell as one of the owners of rights to manage Masela, would call into question the government's commitment in ensuring investment in gas-rich block in the Arafura Sea. "There is talk about Masela also with the President," the source said Katadata , Tuesday (22/11). (Read: Revised Masela Considered Create Oil and Gas Investment Uncertain )
The reason, Shell received information that the portion of its management rights in the Masela shrinking because of changes in the development of the block into the scheme on land ( onshore ). "Shell will question the issue," he said.
Just for information, Shell owns 35 percent of management rights Masela. While the Japanese company Inpex Corporation has a 65 per cent management rights and become operator of the block. Initially, Masela using processing scheme in the sea (Floating LNG) with the technology carried Shell.
However, lately, Jokowi decided Masela development scheme in the land by considering the benefits of a chain effect of the project. The decision was supported by the Deputy Minister Arcandra Tahar. However, the reduction portion Arcandra denied the right to manage Shell. "Not really," he told Katadata , Tuesday (22/11) night.
(Read: Government Targets Development Masela Start 2019 )
Management Shell Indonesia is not able to comment on the issue. "I just found out about this, I'll up date ," said Haviez Gautama, External Relations Manager of Shell Indonesia to Katadata , Wednesday (23/11) morning.
While management's commitment Inpex partnership with Shell, though not publicly confirmed regarding a decrease in Shell management right in the Masela block. Inpex spokesman Usman Slamet said it with Shell already passed through all the long journey to make Masela project into a successful project. "We believe together for success," he told Katadata .
Usman added that now looks quite real progress of talks with the government regarding the development of the Masela block. Inpex really hope to get a positive decision regarding the continuation of the project tersebut.
In order to proceed with the scheme Masela project land, Inpex had filed several requests. Firstly , to increase production capacity to 9.5 mtpa. The goal is that the Internal Rate of Return or the rate of return on investment of 15 percent. (Read: The Ministry of Energy Increased Production Will Bless Masela )
Second , the moratorium contract for 10 years. That is, a contract that will expire in 2028 will retreat into 2038. Third , ask for reimbursement of expenses already incurred so far amounted to US $ 1.2 billion. However, lately, most of these requests can not be granted by the government.
Shell Jokowi Meet to Discuss Fate of Investment MaselaShell received information that the portion of its management rights in the Masela shrinking because of changes in the development of the block into the scheme on land (onshore). Royal Dutch Shell Plc officials in the entourage of Dutch Prime Minister Mark Rutte is scheduled to meet President Joko Widodo (Jokowi) at the State Palace in Jakarta, Wednesday (27/11) afternoon. In addition to discussing investment plans in Indonesia, a Dutch energy company wants to discuss the fate of the development of the Masela block.Based on information obtained Katadata, Shell us one of the owners of rights to manage Masela, would call into question the Government's commitment in ensuring investment in gas-rich block in the Arafura Sea. "There is talk about Masela also with the President," the source said Katadata, Tuesday (22/11). (Read: Revised Masela Considered Oil and Gas Investment Create Uncertain)The reason, Shell received information that the portion of its management rights in the Masela shrinking because of changes in the development of the block into the scheme on land (onshore). "Shell will question the issue," he said.Just for information, Shell owns 35 percent of management rights Masela. While the Japanese company Inpex Corporation has a 65 per cent management rights and become operator of the block. Initially, the Masela using processing scheme in the sea (Floating LNG) with the technology carried the Shell.However, frequency.lately fags here, Jokowi decided Masela development scheme in the land by considering the benefits of a chain effect of the project. The decision was supported by the Deputy Minister Tahar Arcandra. However, the reduction portion Arcandra denied the right to manage Shell. "Not really," he told Katadata, Tuesday (22/11) night.(Read: Government Targets Development Start-up Masela 2019)Management Shell Indonesia is not able to comment on the issue. "I just found out about this, I'll up date," said Haviez Gautama, External Relations Manager of Shell Indonesia to Katadata, Wednesday (27/11) morning.While management's commitment Inpex partnership with Shell, though not publicly confirmed regarding a decrease in Shell management right in the Masela block. Inpex spokesman Usman Slamet said it with Shell already just passed through all the long journey to make Masela project into a successful project. "We believe together for success," he told Katadata.Usman added that now looks quite real progress of talks with the government regarding the development of the Masela block. Inpex really hope to get a positive decision regarding the continuation of the project.In order to proceed with the scheme, Inpex Masela project land had filed several requests. Firstly, to increase production capacity to 9.5 mtpa. The goal is that the Internal Rate of Return or the rate of return on investment of 15 percent. (Read: The Ministry of Energy, Increased Production Will Bless Masela)Second, the moratorium on contract for 10 years. That is, a contract that will expire in 2028 will retreat into 2020. Third, ask for the reimbursement of expenses already incurred so far amounted to US $1.2 billion. However, frequency.lately fags here, most of these requests can not be granted by the government.
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Shell Jokowi Meet to Discuss Fate of Investment Masela
Shell received information that the portion of its management rights in the Masela shrinking because of changes in the development of the block into the scheme on land (onshore).
Officials of Royal Dutch Shell Plc in the entourage of Dutch Prime Minister Mark Rutte is scheduled to meet President Joko Widodo (Jokowi) at the State Palace, Jakarta, Wednesday (23/11) afternoon. In addition to discussing investment plans in Indonesia, a Dutch energy company wants to discuss the fate of the development of the Masela block.
Based on information Obtained Katadata, Shell as one of the owners of rights to manage Masela, would call into question the government's commitment in ensuring investment in gas-rich block in the Arafura Sea. "There is talk about Masela Also with the President," the source said Katadata, Tuesday (22/11). (Read: Revised Masela Considered Create Oil and Gas Investment Uncertain)
The reason, Shell received information that the portion of its management rights in the Masela shrinking because of changes in the development of the block into the scheme on land (onshore). "Shell will question the issue," he said.
Just for information, Shell owns 35 percent of management rights Masela. While the Japanese company Inpex Corporation has a 65 per cent management rights and Become the operator of the block. Initially, Masela using processing scheme in the sea (Floating LNG) with the technology Carried Shell.
However, lately, Jokowi Decided Masela development scheme in the land by considering the benefits of a chain effect of the project. The decision was supported by the Deputy Minister Arcandra Tahar. However, the reduction portion Arcandra denied the right to manage Shell. "Not really," he Katadata of toll, Tuesday (22/11) night.
(Read: Government Targets Development Masela Start 2019)
Management Shell Indonesia is not Able to comment on the issue. "I just found out about this, I'll up date," said Haviez Gautama, External Relations Manager of Shell Indonesia to Katadata, Wednesday (23/11) morning.
While management's commitment Inpex partnership with Shell, though not publicly confirmed regarding a Decrease in Shell management right in the Masela block. Inpex Spokesman Usman Slamet said it with Shell already passed through all the long journey to a make Masela project into a successful project. "We believe together for success," he Katadata of toll.
Usman added that now looks quite real progress of talks with the government regarding the development of the Masela block. Inpex really hope to get a positive decision regarding the continuation of the project tersebut.
In order to proceed with the scheme Masela project land, Inpex had filed Several requests. Firstly, to increase of production capacity to 9.5 mtpa. The goal is that the Internal Rate of Return or the rate of return on investment of 15 percent. (Read: The Ministry of Energy Increased Production Will Bless Masela)
Second, the moratorium contract for 10 years. That is, a contract that will expire in 2028 will retreat into 2038. Third, ask for reimbursement of expenses already incurred so far amounted to US $ 1.2 billion. However, lately, most of Reviews These requests can not be granted by the government.
翻訳されて、しばらくお待ちください..
