Montara oil spill: site's new operator rejects suggestion it couldn't afford second clean-up

Jadestone CEO says it could cover the cost of cleaning up a major spill, even though company has never made a profit

The new operator of the site of Australia's worst ever oil spill has dismissed concerns it might not have the financial capacity to clean up should disaster strike again.

Ten years ago on Wednesday an estimated 40 million litres of oil leaked from a faulty rig in the Montara field, in the Timor Sea, and for 10 weeks spread over tens of thousands of square kilometres of ocean.