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Northbridge Industrial Services Plc

Inpex inks 20-year extension for Abadi LNG project

Japan’s Inpex Corporation, with its joint venture partner Shell, has signed an amendment and extension to the Masela block production sharing contract (PSC) as well as an extension for the Abadi LNG project. 

Inpex said last week that the amendment, signed through its Inpex Masela subsidiary, had included a seven-year additional time allocation and a 20-year extension for the Abadi LNG project with Indonesia’s upstream oil and gas regulator SKK Migas.

The amendment was signed in Jakarta in the presence of Ignasius Jonan, Minister for Energy and Mineral Resources of the Republic of Indonesia.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

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