Wednesday, March 14, 2007

Apexindo Garners Drilling Deals Totaling $22.5M

Asia Pulse Pte Ltd, rigzone.com --- Publicly listed oil drilling company PT Apexindo Pratama Duta said it has oil and gas drilling contracts valued at US$22.5 million.

Apexindo President Hertriono Kartowisastro said the contracts include a six-month extension of a contract worth US$13.9 million from Vico for drilling in East Kalimantan using its Rig 9 and Rig 10.

The company also has a similar contract valued at US$2.6 million from Pearol (Tungkal) Limited for oil drilling in the Tungkal area in Jambi using its Rig 15.

Its Rig 8 won a contract valued at US$2.5 million from Lundin Blora BV for work in East Java and Rig won one valued at US$3.5 million from JOB Pertamina-Medco for work in Sulawesi.