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The company hopes to sees output at Platina Indonesian Upstream Oil & Gas (IOG 2020),
peak at 34,000 barrels per day (bpd) and will said the Abadi project was key to helping the
pump crude from the field to the Greater Pluto- government reach its 2030 target of producing
nio floating production, storage and off-loading 12bn cubic feet (339.84mn cubic metres) per day
(FPSO) vessel, which it has installed at another of gas in 2030.
section of the block. Inpex, meanwhile, said the following day that
BP had previously said it would begin drilling discussions with the gas infrastructure operator
at Platina in mid-2020 but was not able to meet regarding a sales and purchase agreement (SPA)
that deadline. It is now on track to wrap up its would now begin. The Masela block, located in
drilling programme in late 2021. the south-eastern Arafura sea, is the foundation
Offshore Senegal, Australia’s Woodside for a planned 9.5mn tonne per year liquefied nat-
Petroleum has blocked FAR Ltd, another Aus- ural gas (LNG) terminal as well as another 1mn
tralian firm, from proceeding with plans to sell tpy of local gas supply and up to 35,000 barrels
a minority stake in the RSSD block to India’s per day (bpd) of condensate production. Masela
ONGC Videsh Ltd (OVL). As the operator of is estimated to hold 10.7 trillion cubic feet
the block, which includes the Sangomar oilfield, (303.02bn cubic metres) of proven gas reserves.
it has exercised its right to pre-empt the sale and Inpex Masela, in which Inpex owns a 51.93% Uniper will blend
has offered to buy FAR’s stake on the same terms interest, operates the block with a 65% stake.
accepted by OVL. Royal Dutch Shell owns the remaining 35%, but its VLSFO with
The move puts Woodside on track to boost is reportedly interested in selling its share. Neutral Fuels’
its stake in the Sangomar field to 90% and its In July, SKK Migas confirmed reports that
stake in the other sections of the RSSD block Shell intended to divest its 35% stake in the biofuels for sale
to 82%. The company will be able to do so once Masela Block, noting that low oil prices and coro-
it secures the approval of shareholders and the navirus COVID-19 related development delays to maritime
government of Senegal for its buy-outs of FAR had prompted the exit plans. The super-major
and Cairn Energy, which made an unsuccessful was reported in late June as being interested in customers in
attempt to sell its own minority stake to Russia’s selling its stake for $2bn, with Inpex’s interest Fujairah
Lukoil earlier this year.. only extending as far as a $400mn investment.
The government last year approved the con-
If you’d like to read more about the key events shaping sortium’s revised plan for the project, which
Africa’s oil and gas sector then please click here for scaled up the terminal’s capacity from 2.5mn tpy
NewsBase’s AfrOil Monitor. to 9.5mn tpy. The size of the project (and its price
tag) were ramped up after the government said
Asia: Abadi supply deal the proposed floating LNG (FLNG) design must
Indonesia’s state-owned distributor Perusahaan be sidelined in favour of an onshore terminal.
Gas Negara (PGN) has signed a preliminary
agreement to buy natural gas from Japanese If you’d like to read more about the key events shaping
developer Inpex’s Abadi field, which lies in the Asia’s oil and gas sector then please click here for
offshore Masela block. NewsBase’s AsianOil Monitor.
The head of upstream regulator SKK Migas,
Dwi Soetjipto, revealed on December 3 that the DMEA: South African refinery blast
two firms had signed a memorandum of under- An explosion rocked an oil refinery in Durban,
standing (MoU) on domestic gas supplies. South Africa, on December 4, injuring seven
The official, who made the announcement people. The blast occurred at 05:10 GMT and the
during the 2020 International Convention on ensuing fire was put out by 06:45 GMT.

P8 www. NEWSBASE .com Week 49 10•December•2020