2/10/2008

Lapindo Brantas Business Profile

PT Lapindo Brantas is subsidiary of PT Energy Mega Persada Tbk, a public listed company, owned by Bakrie Group.

Currently Lapindo Brantas is being watched due to mud eruption on Banjar Panji-1, its gas mining site in Porong, Sidoarjo, East Java. The exploration is executed by Alton International Indonesia.

Banjar Panji I is part of Brantas mining block. The block is owned by Lapindo Brantas (50 percent), Medco Energy Oil and Gas (32 percent), and Santos (18 percent).

To stop the eruption, Lapindo Bratas asked for help to a group of disaster expert, including Alert Disaster Control (Asia) Pte Ltd (Canada) and Abel Engineering/Well Control (Texas, USA). endonesia.biz

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