-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CeoDHAfoosndOFkIm55fwvjRDdth9bp8iWyitzlG0t0kVc4kDNKWcdH4AQMDrOgV yPvCrWPBoqc5/t3wHvFpiw== 0000716039-98-000025.txt : 19980619 0000716039-98-000025.hdr.sgml : 19980619 ACCESSION NUMBER: 0000716039-98-000025 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980618 ITEM INFORMATION: FILED AS OF DATE: 19980618 SROS: CSX SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNOCAL CORP CENTRAL INDEX KEY: 0000716039 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 953825062 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: SEC FILE NUMBER: 001-08483 FILM NUMBER: 98650388 BUSINESS ADDRESS: STREET 1: 2141 ROSECRANS AVE STREET 2: STE 4000 CITY: EL SEGUNDO STATE: CA ZIP: 90245 BUSINESS PHONE: 3107267600 8-K/A 1 UNOCAL REPORTS SHORTFALL FOR INDONESIAN STEAM SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K/A AMENDMENT NO. 1 Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported) June 17, 1998 ------------- UNOCAL CORPORATION - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware - -------------------------------------------------------------------------------- (State or Other Jurisdiction of Incorporation) 1-8483 95-3825062 - -------------------------------------------------------------------------------- (Commission File Number) (I.R.S. Employer Identification No.) 2141 Rosecrans Avenue, Suite 4000, El Segundo, California 90245 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (310) 726-7600 - -------------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) Item 5. Other Events. The following is an amendment to the Form 8-K filing submitted on June 17, 1998: Unocal Reports $3.4 Million Shortfall For Indonesian March Steam Deliveries ------------------------------------- El Segundo, Calif., June 17, 1998 - Unocal Corporation said today that its wholly owned subsidiary, Unocal Geothermal of Indonesia, Ltd. (UGI), received a $0.9 million payment for $4.3 million in March steam deliveries to Gunung Salak electric generating Units 1, 2 and 3, creating a shortfall of $3.4 million. UGI operates the Gunung Salak field and supplies steam to Units 1, 2 and 3. In addition to the March shortfall, the company currently has a receivable balance of $44 million, most of which is for steam sales from the Salak field. Of this total, $12 million is due by the end of August 1998, and the balance is payable over the next several years. Unocal said that it is engaged in discussions with Indonesian government entities to explore potential opportunities to resolve the shortfall issue to the satisfaction of all parties. Steam production and electricity generation at the Salak field, located on the island of Java, have not been affected. The company's net aggregate property investment in its Indonesian geothermal operations is approximately $290 million, including both the Salak and Sarulla contract areas. Sarulla is located in Northern Sumatra. Unocal's Indonesian crude oil and natural gas production continues to operate normally, with most of its production sold in export markets. Unocal operates nine producing fields offshore East Kalimantan. Unocal is one of the world's largest independent oil and gas exploration and production companies, with major resource development, power plant and pipeline projects in Central and Southeast Asia, Latin America and the U.S. Gulf of Mexico region. News releases and other company information are available at Unocal's web site, http://www.unocal.com. 2 Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. UNOCAL CORPORATION (Registrant) Date: June 18, 1998 By: /s/ JOE D. CECIL - -------------------- --------------------------- Joe D. Cecil Vice President and Comptroller -----END PRIVACY-ENHANCED MESSAGE-----