Ratu Prabu seeks Middle East contracts
Friday, February 3 2017 - 01:55 AM WIB
IDX-listed PT Ratu Prabu Energi Tbk is seeking for oil and gas services contracts from upstream operators in the Middle East to capitalize on the current rising trend in oil price, Kontan reported on Friday.
The paper quoted Ratu Prabu Corporate Secretary Martini UD Suarsa as saying that oil and gas services business, run by subsidiary PT Lekom Maras, is projected to contribute about 60 percent to company total revenue this year.
?We want to look for projects in Middle East such as Dubai,? Martini said, but did not disclose the target value of the contracts. (*)