{
    "success": true,
    "data": {
        "id": 1114970,
        "msgid": "caltex-clarifies-1447893297",
        "date": "2001-04-23 00:00:00",
        "title": "Caltex clarifies",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Caltex clarifies We would like to extend our appreciation for the publication of an article about PT Caltex Pacific Indonesia (Caltex)'s request for extension of the Coastal Plains Pekanbaru (CPP) Block in The Jakarta Post, April 18, 2001, page 12. We would further like to clarify a couple of statements in the story, so that there is no misunderstanding as to our position on CPP.",
        "content": "<p>Caltex clarifies<\/p>\n<p>We would like to extend our appreciation for the publication<br>\nof an article about PT Caltex Pacific Indonesia (Caltex)'s<br>\nrequest for extension of the Coastal Plains Pekanbaru (CPP) Block<br>\nin The Jakarta Post, April 18, 2001, page 12.<\/p>\n<p>We would further like to clarify a couple of statements in the<br>\nstory, so that there is no misunderstanding as to our position on<br>\nCPP.<\/p>\n<p>First, in the paragraph which states \"Caltex decided to<br>\nwithdraw from negotiations, after the government also allowed<br>\nRiau to have a stake in CPP\", we would like to emphasize that our<br>\nreason for temporarily withdrawing from the negotiations was<br>\nbecause the negotiations had now entered a phase between two<br>\ngovernment entities, the Riau government and the Central<br>\ngovernment, debating over which entity should have control over<br>\nmanagement of the block. Caltex, as a non-political entity, has<br>\nnot been a party to those discussions. However, we fully expected<br>\nto rejoin the negotiations on joint interest ownership of the PSC<br>\nonce the management issue was resolved.<\/p>\n<p>Next, we'd like to correct the use of the term \"unattractive\",<br>\nwith the more proper term \"uneconomical\". As you know, Caltex has<br>\na long standing and excellent relationship with the people and<br>\ngovernments of Riau. Future opportunities to partner or work with<br>\nRiau will always be attractive to Caltex. To date and in regard<br>\nto CPP, Caltex has not been offered any commercially or<br>\neconomically attractive option involving our continued<br>\nparticipation. We will, of course, seriously consider any<br>\ncommercially or economically attractive option involving our<br>\ncontinued participation in the CPP, should one be offered.<\/p>\n<p>We would also like to clarify the intent of the environmental<br>\nstudy currently underway. CPP is extremely proud of our<br>\nenvironment performance in the conservation areas that encompass<br>\nthe CPP Block. Site restoration is an ongoing process throughout<br>\nall our contract areas. Normal industry practice when working<br>\ninterest ownership of a producing oil field transfers in part or<br>\nin whole to other parties is to conduct a baseline environmental<br>\nassessment to document the status of the concession at the time<br>\nof the transfer. It is for that purpose that we are conducting<br>\nthe study in consultation with Pertamina. That study has been<br>\nunderway for many months only because of the extensive land area<br>\nwithin the Block.<\/p>\n<p>HARRY BUSTAMAN<\/p>\n<p>Manager, Corporate Communications<\/p>\n<p>Caltex<\/p>\n<p>Jakarta<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/caltex-clarifies-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}