PT Apexindo Wins Contract Extension from Total

rigzone.com, AFX News Limited --Rig operator PT Apexindo Pratama Duta said it has secured a five-year rig contract extension worth US$146 million from Total E&P Indonesie for its Maera submersible swampbarge offshore rig.

The rig is one of Apexindo's four swampbarge rigs contracted by Total for exploration and production activities in Tunu, East Kalimantan.

(US$1 = 8,826 rupiah)

SLIPPERY BUSINESS

Jakarta, The Jakarta Post: SLIPPERY BUSINESS: [photo] A worker positions a poster for oil-rig company Soehanah, which is participating in the 31^st Annual Indonesian Petroleum Convention and Exhibition 2007. The expo, which President Susilo Bambang Yudhoyono will officially open this Monday, runs until May 16. It will showcase the latest developments in the country’s oil and gas sectors, aiming to boost invesment in the industry.