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Indonesian company says settlement reached with mud volcano victims

Author: AFP, Published on: 5 December 2008

Indonesian energy company Lapindo [Brantas, joint venture Energi Mega Persada, MedcoEnergi, Santos)] said Thursday it had reached a compensation settlement with thousands of victims of a mud volcano which erupted from one of its gas wells...The company, part of the business empire of billionaire Welfare Minister Aburizal Bakrie, said it would pay 30 million rupiah (2,250 dollars) a month to each displaced family until all outstanding compensation is settled.

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Related companies: Energi Mega Persada Lapindo Brantas (joint venture Energi Mega Persada, MedcoEnergi, Santos) MedcoEnergi Santos