Sugih Energy?s subsidiary gets contract from Vico
Monday, June 10 2013 - 09:53 AM WIB
By Romel S. Gurky
IDX-listed PT. Sugih Energy Tbk said that its subsidiary PT Resources Jaya Teknik Management Indonesia (RMI) has got a contract of drilling work from PT Vico Indonesia at a total value of US$53,000,000.
The company said in a press statement on Monday that the drilling contract is to use the 1500 HP Fast Moving Drilling Rig Services No. 53540R for two years.
The company stated that the income from RMI will contribute to its total income for the next financial year.
RMI, which is 51 percent owned by PT Sugih Energy, is a support services company providing services for explorations of oil and gas, particularly procurement of rigs.
Editing by Benget Besalicto Tnb