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Wednesday, January 17, 2007

Apexindo secures US$3 million drilling contract

Jakarta (ANTARA News) - Indonesian drilling company PT Apexindo Pratama Duta has secured a US$3.476 million contract from the Pertamina-Medco E&P joint operating body for onshore drilling on Sulawesi island.

Under the contract signed on Jan 15, the company will conduct onshore drilling on rig # 2 in the Senaro-Toli Block in Sulawesi, Apexindo corporate secretary Ade R. Saptari said in a statement to the Jakarta Stock Exchange on Wednesday.

The drilling was expected to be completed on April 21, he said.

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