Lapindo disaster updates
Upstream Oil and Gas Regulatory Body (BP Migas) insisted that Lapindo Brantas Inc, a unit of listed company PT Energi Mega Persada Tbk, can't claim cost recovery for losses due its drilling failure which caused hot mudflow disaster in Porong district, East Java.
BP Migas chairman Kardaya Warnika said according to article 5 point 4.2. of the contractor agreement, the losses prior to production is the contractor's full responsibility.
"Disaster during planning and implementation of drilling is the responsibility of contractor, so there will not be cost recovery," he said.
The statement dismissed earlier claim made by Energi Mega that part of the losses would be claimed as cost recovery that will be deducted from government's revenue from the block.
In the field, Lapindo and BP Migas failed to stop the hot mudflow with snubbing unit. It's not clear for how long people should suffer for the air and water pollution.
RELATED ARTICLES
1) Hot mudflow to be offloaded to the sea
2) Lapindo Case: The scapegoats
3) Lapindo mudflow: The family affair
4) Lapindo mudflow & blame games
5) 6 Suspects in Lapindo case
6) Gov't would bear the cost, how generous
7)Lapindo disaster spillover to Bumi-Energy merger
READ MORE!!!
BP Migas chairman Kardaya Warnika said according to article 5 point 4.2. of the contractor agreement, the losses prior to production is the contractor's full responsibility.
"Disaster during planning and implementation of drilling is the responsibility of contractor, so there will not be cost recovery," he said.
The statement dismissed earlier claim made by Energi Mega that part of the losses would be claimed as cost recovery that will be deducted from government's revenue from the block.
In the field, Lapindo and BP Migas failed to stop the hot mudflow with snubbing unit. It's not clear for how long people should suffer for the air and water pollution.
RELATED ARTICLES
1) Hot mudflow to be offloaded to the sea
2) Lapindo Case: The scapegoats
3) Lapindo mudflow: The family affair
4) Lapindo mudflow & blame games
5) 6 Suspects in Lapindo case
6) Gov't would bear the cost, how generous
7)Lapindo disaster spillover to Bumi-Energy merger
Labels: BP Migas, Energi Mega Persada, Lapindo
READ MORE!!!
posted by yosef at 8:47 AM
2 Comments:
Hopefully this progress would not stop the merger process....
It will not be impact to merger it self, because it will be going Bakrie family member.
The question is can the merger company going ever lasting after covering all cost for the mud disaster ? We will wait and see
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