INPEX CORPORATION (INPEX) has announced that it is set to commence Pre-FEED work for the Abadi onshore LNG Project, the Masela Block, located in the Arafura Sea in Indonesia. It represents an important milestone in the development of the Abadi LNG Project, which is operated through its subsidiary INPEX Masela, Ltd.
INPEX will formulate a detailed revised plan of development (POD) contingent on the results of the Pre-FEED work and ongoing discussions with the Indonesian authorities to achieve a cost efficient and economically competitive project. Following government approval of the revised POD, a series of subsequent evaluations including front-end engineering and design (FEED) work will be carried out leading to a final investment decision (FID).
