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Posts Tagged ‘Indonesia’

PTT (Thailand) seeks damages from Hyundai

Posted in accidents, tagged , , , on July 2, 2011| Leave a Comment »

I thought this Platts Oilgram News report was interesting given PTT’s objection to Indonesia’s claim for damages from PTT’s Montara blowout:

Thai energy authorities are pointing fingers at South Korea’s Hyundai Heavy Industries for causing damage to one of its offshore pipelines that slashed natural gas supplies to the kingdom by 14%. State-controlled oil and gas company PTT is also planning to seek hefty compensation claims from Hyundai Heavy as well as from Diphaya Insurance, the Thai state-owned insurance firm, which provides coverage for the company’s works, a senior PTT executive said June 30.

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Montara News: PTTEP denies Indonesia’s damage claims

Posted in accidents, well control incidents, tagged , , , , , , on September 2, 2010| Leave a Comment »

While BP has established a $20 billion damage fund that is being administered by the Federal government, PTTEP, the party responsible for the Montara blowout in the Timor Sea, is taking a different approach.  PTTEP has denied all claims from the Indonesian government arguing that oil spill damages were limited to the immediate vicinity of the Montara field.  However, information presented at the Montara hearings indicates that the slick extended into Indonesian waters.

PTTEP Australia (PTTEP AA), a subsidiary of the Thai-listed PTT Exploration and Production Public Company Limited today (2 September 2010) confirmed the Government of Indonesia that it has not accepted any claims for compensation relating to the claimed impacts of oil released from the company’s Montara field in the Timor Sea last year.

What if PTTEP was the operator at Macondo?

PTTEP news release

Upstream report on the claim

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