Apexindo wants to participate in PGE?s rig tender this year
Monday, July 20 2015 - 02:27 AM WIB
By Febry Silaban
IDX-listed drilling company PT Apexindo Pratama Duta Tbk. stated that the company will seek to extend its rig contract with PT Pertamina Geothermal Energy (PGE) this year.
"Our contract with PGE (for the firm?s geothermal working area) located in North Sulawesi will end in the fourth quarter of 2015. Thus, PGE is expected hold another geothermal rig tender in a few months. We shall participate in the tender,? Corporate Finance Manager of Apexindo, Pretycia Darma told Petromindo.com.
Apexindo awarded by PGE a drilling contract in September 2014 with a contract value of US$16.3 million. Apexindo uses its Rig 4 for the drilling.
Editing by Johannes Simbolon