TotalFinaElf extends Apexindo?s drilling contract in E. Kalimantan
Thursday, August 22 2002 - 02:57 AM WIB
TotalFinaElf E&P Indonesie has extended PT Apexindo Pratama Duta Tbk?s Raisis Rig contract to drill oil wells in offshore East Kalimantan, according to JSX announcement on Wednesday.
The extending three years contract was valued at US$40.2 million, the statement said. The existing contract ends in March 2003.
It said the rig will be used for oil and gas exploration in Total?s Tunu Field in Mahakam Block.
In 2002 Apexindo had won three new offshore drilling contracts and three onshore drilling contracts from Vico, Unocal, and Gulf Indonesia Resources, it added.
Apexindo is a unit of oil firm PT Medco Energi International Tbk. (robert)