Post by Soutpeel on May 13, 2017 9:56:54 GMT 7
Indonesia sues Thailand's PTT for $2bn
BANGKOK/JAKARTA -- Contradictory claims sit at the heart of a bitter row that reignited between the Indonesian government and PTT, Thailand's state-owned oil company, last week over a 2009 oil spill in the Timor Sea between Australia and Indonesia.
Reported to be the worst offshore drilling accident in Australian history, it resulted in an estimated 30,000 barrels of oil leaking for 74 days from a well operated by a PTT subsidiary in the Montara oil field.
Nearly eight years on, the Indonesian government has filed suit against PTT and two subsidiaries -- PTT Exploration & Production and Australia-based PTTEP Australasia (PTTEP AA), the operator of the oil rig.
asia.nikkei.com/Business/Companies/Indonesia-sues-Thailand-s-PTT-for-2bn?utm_source=paid.outbrain.com&utm_campaign=BA+LC1&utm_medium=referral
BANGKOK/JAKARTA -- Contradictory claims sit at the heart of a bitter row that reignited between the Indonesian government and PTT, Thailand's state-owned oil company, last week over a 2009 oil spill in the Timor Sea between Australia and Indonesia.
Reported to be the worst offshore drilling accident in Australian history, it resulted in an estimated 30,000 barrels of oil leaking for 74 days from a well operated by a PTT subsidiary in the Montara oil field.
Nearly eight years on, the Indonesian government has filed suit against PTT and two subsidiaries -- PTT Exploration & Production and Australia-based PTTEP Australasia (PTTEP AA), the operator of the oil rig.
asia.nikkei.com/Business/Companies/Indonesia-sues-Thailand-s-PTT-for-2bn?utm_source=paid.outbrain.com&utm_campaign=BA+LC1&utm_medium=referral
