Four foreign firms join Bumi Modern's tender

Four foreign companies are taking part in a tender opened by the publicly listed Bumi Modern recently to carry out a seismic survey on the company's 285-kilometer oil block in Yemen.

In its letter sent to the Jakarta Stock Exchange, Bumi Modern said that the four companies Bureau of Geophysical Prospecting International, Zenzing Petroleum Exploration Bureau, both of China, Compagnie Generale Degeophysigne of France, and Western Geophysical of the United States.

Bumi Modern said that the seismic survey would be carried out beginning this month and the result of which would be released by the end of the month so that the first exploration could be started as scheduled in September.

Bumi Moder, formerly known as property company, changed its core business, following the takeover of a massive oil block in Yemen recently. (*)