Oil and gas investors shall provide performance bond: BP Migas
Wednesday, September 28 2005 - 09:09 AM WIB
Oil and gas upstream authority BP Migas plans to oblige investors to provide performance bond before they sign a production sharing contract with the government.
?With this performance bond, the investors will be forced to fulfill their obligations as stipulated in the contract,? BP Migas chairman Kardaya Warnika said Wednesday.
Kardaya said BP Migas was currently waiting for response from the government on that plan. (dino)