Indonesian EMP's Lapindo Brantas sale to Freehold unwinds

摘要

Jakarta-Freehold Group has called off its proposed acquisition for 1 million of Indonesian oil and gas company Energi Mega Persada's beleaguered subsidiary Lapindo Brantas, a senior EMP official said November 28. Lapindo Brantas holds a 50% operating interest in the Brantas production sharing contract in East Java, where an exploration well, Banjarpanji-1, has been spewing massive amounts of steaming mud through a broach close to the original bore since May 29.