Apexindo gets $2m contract from VICO

IDX-listed drilling firm Apexindo Pratama Duta Tbk reported on Tuesday it has secured a US$2 million new contract from VICO Indonesia onshore drilling program in Semberah, East Kalimantan.

The new contract is for 3 three months and it will use Rig #8. The 8 has rated horse power of 1,000 HP and it has the capability of drilling depth of 12,000 feet, the company said.

Currently, four of Apexindo?s onshore rigs are in contracted by VICO. (denny)