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Elnusa prepares a CapEx budget of Rp 1 trillion

17 January 2020 11:41

JAKARTA. PT Elnusa Tbk (ELSA), an oilfield service company, has prepared a capital expenditure (CapEx) budget of around Rp 1 trillion this year.

Head of Corporate Communication of PT Elnusa Tbk., Wahyu Irfan said the funds would be used for business expansion and capacity management.

This year, Elnusa is focusing on working on several upstream oil and gas projects and oil and gas field management services, including 2D and 3D seismic surveys of the Jambi Merang Block. This survey is the largest exploration of oil and gas reserves in Indonesia. Elnusa is trusted as his service contractor, "Wahyu said on Thursday (16/1). In addition, Elnusa is also working on a large-scale project in Mahakam Delta.

Wahyu is optimistic that those projects can improve Elnusa's financial performance this year. (AM/AR)

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