Shell Said to Be Investing $25b in Indonesia: Jero
Royal Dutch Shell plans to increase its investment in Indonesia to $25 billion in the next 10 years to develop oil and gas fields, according to Energy and Mineral Resources Minister Jero Wacik.
The investment by the Anglo-Dutch energy company will be allocated for the development of oil and gas blocks in Masela, in Maluku province as well in as other regions.
Masela Block is estimated to have 18.47 trillion cubic feet of proved and probable gas reserves, as certified by consultants DeGolyer & MacNaughton.
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