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Apexindo secures additional US$ 13.7 million contract for Raniworo Rig

23 April 2021 05:32

JAKARTA. PT Apexindo Pratama Duta Tbk (APEX) secured an additional contract worth US$ 13.7 million for the work of 3 Raniworo Rig wells. The additional contract will have a positive impact on the utilization rate and revenue of the Company.

Apexindo's General Manager of Corporate Finance & Investor Relations Pretycia Darma explained that the addition of the work contract provided by Pertamina for Rig Raniworo, was a form of continuing trust in APEX's performance.

 "The company is happy to get additional jobs, which will have a positive impact on the utilization rate and revenue of the Company," said Pretycia in an official statement, Thursday (22/4/2021).

To ensure that the Raniworo Rig is in good condition and ready to work optimally, the Company has carried out maintenance and preparations for the Raniworo Rig at the Balikpapan shipyard, East Kalimantan.

The additional contracts are in accordance with the amendments to the company's contracts with Pertamina Hulu Energi Nunukan Company (PHENC), PT Pertamina Hulu Energi Anggursi (PHE Anggursi) and PT Pertamina Hulu Energi West Madura Offshore (PHE WMO). (AM/LM)

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