Tuesday, July 1, 2003

PT Apexindo Wins Iranian Drilling Contract

Rigzone.com, 7/1/2003 --- PT Apexindo Pratama Duta has been awarded a $50 million offshore drilling contract from Statoil for work in Iran's South Pars block. The agreement was signed last week in Tehran. Drilling is expected to commence by the end of the year. PT Apexindo is a subsidiary of Medco Energi.