Apexindo bags $27m drilling contract from VICO
Tuesday, December 16 2008 - 01:07 PM WIB
IDX-listed drilling firm PT Apexindo Pratama Duta Tbk announced on Tuesday it had been appointed by East Kalimantan gas producer VICO Indonesia (VICO) to undertake an onshore drilling project in Nilam using its Rig #5.
The contract, valued at approximately US$ 27 million for a firm period of 1 (one) year with optional period of another one year starting 2009.
Currently, four of Apexindo?s onshore rigs are employed by VICO.(alex)