BP Reaffirms Commitment to Papua Operations
BP Indonesia reaffirms its commitment to continue operations in the Indonesia province of Papua even though another company's mining operation was attacked last weekend. During the attack two U.S. teachers and an Indonesian national were killed.
BP invested approximately $6.5 billion throughout Indonesia, including the Tangguh gas field in Papua slated to supply China's second planned LNG terminal in Fujian province. According to an anonymous BP source, the company remains committed to developing the Tangguh LNG project on schedule.
Indonesian troops are still hunting for the attackers who ambushed a convoy of vehicles on Saturday near the operations of U.S.-based Freeport-McMoRan Copper and Gold Inc. The United States on Tuesday denounced the attack -- the worst involving foreigners in a decades-old simmering rebellion -- calling it an "outrageous act of terrorism".
Resource-rich Papua, formerly known as Irian Jaya, borders independent Papua New Guinea on a huge island closer to northern Australia than Jakarta. The Tangguh field, about 280 miles from Freeport's mine, hold approximately 14.4 trillion cubic feet in proven reserves and construction of an LNG plant is due to begin next year.