The company reached a settlement over the mud volcano eruption at its gas well on the Brantas Production Sharing Contract, which destroyed thousands of homes and displaced 12 villages over the last two years.
The victims, residents of the Renokenongo, Kedungbendo, Jatirejo and Siring villages, settled the long-delayed deal after lengthy discussions in Jakarta with the state’s Siduarjo Mudflow Mitigation Agency and Nirwal Bakrie, whose family controls Lapindo, a subsidy of Indonesia’s Energi Mega Persada.
The
