Jakarta (ANTARA News) - Oil and gas service company PT Elnusa, a subsidiary of Indonesia`s state-owned oil and gas firm PT Pertamina, has won a US$15.36 million contract to conduct seismic activities in neighboring Brunei Darussalam.
"We plan to develop geoscience/seismic businesses abroad," Elnusa`s president director Eteng A. Salam said on Friday.
The project is owned by a consortium of three companies, namely Loon Energy Ltd., Nation Petroleum Brunei Ltd. and QAF Brunei Sdn. Bhd.
Elnusa said recently it would list 1.460 billion shares or 20 percent of its capital at the Indonesia Stock Exchange (BEI) on February 8. The shares will be offered at a par value of Rp100 each.
The company will use the proceeds from the sale of the shares to buy capital goods, expand businesses, pay its debts and strengthen working capital.
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