Prime Petroservices to float shares August
Tuesday, July 1 2008 - 01:11 AM WIB
Energy support firm PT Prime Petroservices announced on Tuesday that it would float 30 percent shares at the Indonesian Stock Exchange through IPO in August.
Prime's businesses include oil and gas EPC services, drilling and work-over rigs and offshore oil storage using floating storage and offloading. The company?s unit has also planned to develop a mini-LNG plant in Kangean PSC offshore East Java and a mini-LNG receiving terminal in Bali.
Prime has named PT Recapital, PT Madani Securities and PT Ciptadana Securities as underwriters for the planned issue. (alex)