PT Lapindo Brantas
PT Lapindo Brantas PT Lapindo Brantas Inc is an Indonesian oil and gas exploration company, initially established as a joint venture between PT. Energi Mega Persada Tbk., PT. Medco Energi Tbk. (32%) and Santos Australia (18%), where the Bakrie family, through its investments, held a controlling stake in PT. Energi Mega Persada Tbk.. Lapindo Brantas currently employs a staff of 77 permanent and contract employees and 142 personnel working for the company through a 3rd party contract. As of January 2011, approximately 20.58 MSTB of oil and gas has been produced by LBI from its two productive areas. The CITYGAS project by Lapindo supplies households in East Java with a steady supply of natural gas through a built in pipeline infrastructure to complement the Indonesian government's policy and gas initiative to reduce dependence on kerosene as an energy source. The project involved the signing of a contract to sell 8MMSCFD of gas to "City Gas" in a 2009 agreement with the D...