Govt threatens to stop cost recovery to Chevron

The Jakarta Post | March 30, 2012

Upstream oil and gas regulator BPMigas said on Thursday that the government would halt cost recovery payments to PT Chevron Pacific Indonesia (CPI) should the company be proven to have committed illicit practices in its bioremediation project at its oil fields in Riau.

“If we find any misconduct by CPI in the project, we’ll immediately stop the cost recovery payments for the project. We have to secure the state money until CPI can prove that it’s not guilty,” BPMigas head Raden Priyono said at his office in Jakarta on Thursday.

url:http://www.thejakartapost.com/news/2012/03/30/govt-threatens-stop-cost-recovery-chevron.html