Aussie services firm enters Indonesian market
Monday, July 28 2008 - 06:06 PM WIB
Australian drilling fluid and engineering services Rheochem plc announced Monday that it has signed a Master Agreement in Indonesia to market its drilling fluid and engineering services to the Indonesian oil and gas market.
Rheochem's Indonesian company will be established to market drilling fluids, chemicals and related engineering services to the oil & gas exploration industry. The company is 80% owned by Rheochem PL and 20% owned by PT. Bunga Mas Nusantara (BMN), the company said.(alex)