| Lawsuit Over Bankrupt BP Not Affect Performance In RI |
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| Friday, 18 June 2010 08:15 | |||||||
Page 1 of 2 JAKARTA: Executive Agency for Upstream Oil and Gas responded to cold associated with the developing situation facing lawsuit Beyond Petroleum (BP) oil spill due to the crisis that has so far not been resolved.
Head of BP Migas R. Priyono said the lawsuit had happened to BP and the risk that the process will happen next will not provide meaningful impact to the oil and gas operations in Indonesia, including work areas managed by the British company. According to him, the condition is reasonable, including in case of transfer of company shares. "That's perfectly natural and does not affect the performance of BP's oil and gas blocks in Indonesia. Even if granted, the company that happened may be acquired another company and the rights and duties transferred to the company, that's all, "he said today. BP Migas, he said, is currently not in a position to wait or have to respond to these developments. "Why would also wait. We're not in that position. Acquisitions in the ordinary oil and gas industry. " When asked the possibility of PT Pertamina (Persero) to go buy BP's assets in Indonesia, Priyono said it was highly dependent upon the owner of BP shares. "Usually if the acquisition occurred at the center, not a way to sell retail. It must have been calculated based on all assets owned in the world. But if it happens. " Previously, officials Priyono said according to a report by BP Indonesia, oil and gas contractor is guaranteed due to the crisis that hit BP oil spill that has not been controlled in the Gulf of Mexico will not interfere with the company's expansion plans in Indonesia. Based on reports that BP also admits she still has a strong financial capability to deal with the crisis. "They [BP Indonesia] reported BP Group still has a strong financial base in a crisis. So far reported a direct impact [of oil spill crisis] to BP Indonesia almost nothing, "said Priyono. In fact, Priyono BP also said Indonesia will continue its plan to expand further in the Indonesian oil and gas industry. "They also say that no decision has been different about BP's business activities worldwide, including Indonesia." Currently, BP Indonesia, was recorded to be the operator in three working areas, namely Block Berau, Muturi, and Block Wiriagar post-release participation rights in Block Offshore North West Java to Pertamina last year. It also owns shares of Virginia Indonesia Company (Vico) who became the operator in Block Sanga-sanga. (Er) By: Rudi Ariffianto (Bisnis.com) www.tenderoffer.biz
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