The little I googled up on this does make you wonder if some form of regulation in regard to how these rigs are built and installed.
The way I see it is the operator ( a large listed Thai petrogiant) of the rig contracted an Australian company to build and install the drilling
head .That australian company then farmed out the this to a javenese subsidiary . If I'm reading right this all went wrong before
the rig was even operational.
In the "Do I give a rats ass stakes" its good to see both can look behond this mess to the more important stuff.
Quote:
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The company has insurance coverage of 270 million US dollars. It will soon start working to claim the damages which will be booked as income in the next quarter.
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http://www.pttep.com/en/newsDetail.aspx?ContentID=299
Quote:
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On final settlement with PTTEP Clough does not expect any adverse effect on half year or full year earnings.
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http://www.clough.com.au/index.php?o...278&Itemid=217
Large multinationals = Don't you worry about it son ,now bend over and I'll drive you home .
