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. Amendment signing ceremony; Image: InpexInpex 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.Inpex added that the signing had marked the execution of a formal agreement on the PSC terms previously agreed and announced as part of the approval of the Abadi LNG project’s revised plan of development by Indonesia’s government.Abadi LNG project is the first large-scale integrated LNG development project operated by Inpex in Indonesia.“The Abadi gas field features excellent reservoir productivity and contains significant resource volumes, raising expectations of efficient development and stable LNG production operations over the long-term,” the company stated.Inpex also said that it would continue to work with its partner Shell to deliver an onshore LNG project as it prepares to start the front-end engineering design (FEED). Once completed the project is expected to produce approximately 9.5 million tons of LNG per year.Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today please contact us via our advertising form where you can also see our media kit.
NHL free agency: Canadiens, Ben Chiarot agree to 3-year deal with $3.5M AAV We have signed forward Marcus Johansson to a two-year contract with an AAV of $4.5 million. pic.twitter.com/l4WcIEyb1j— Buffalo Sabres (@BuffaloSabres) July 6, 2019The 28-year-old totaled 12 goals and 15 assists in 48 games with the Devils in 2018-19 before being dealt to the Bruins, where he played 10 regular-season games before becoming a major contributor to Boston’s Stanley Cup run.Johansson tallied 11 points in this year’s postseason and notched a game-winner for the Bruins, but Boston ultimately fell to St. Louis in seven games in the Stanley Cup final. Related News Buffalo has signed a new forward.The Sabres announced Saturday that they inked Marcus Johansson to a two-year, $4.5 million deal. Buffalo posted a 33-39-10 record this past season and scored just 221 goals, which ranked 23rd in the NHL. It hasn’t made the playoffs since 2011, so perhaps Johansson, who has been to the postseason for five consecutive years, can provide some experience and leadership up front.