JAKARTA--Royal Dutch Shell PLC (RDSA) will invest up to $12 billion to develop gas projects in Indonesia's Masela block, Energy Minister Jero Wacik told Dow Jones Newswires on Thursday.
Shell "asked for an accelerated plan of development, and I've already assembled a team from [upstream oil and gas regulator] BP Migas to do this," Mr. Wacik said.
He added that he was optimistic that Shell could begin producing gas in the block by 2019.
Mr. Wacik said he met Shell executives on Thursday morning and would discuss further details in the afternoon.
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(END) Dow Jones Newswires
June 07, 2012 02:45 ET (06:45 GMT)
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