JAKARTA – PT Rig Tenders Indonesia Tbk (RIGS) sold off its accommodation work barge for IDR 1.08 million to Keyfield OSV Limited, Norwegia. The said asset discharge is intended to reduce depreciation costs over its assets.
In the information disclosure, quoted Friday (10/9), Doddy Irawan, Director of Rig Tenders Indonesia, claims that the payment had been fully disbursed by the buyer during the transaction on Thursday (9/9). “The transferred asset was Duta 7. It brings a positive impact as it cut back maintenance and recurring costs of the company,” he adds.
According to Irawan, the company would now focus more on looking after its barges, which have both short-term and long-term work contracts, thus increasing profitability.
As of June 2020, RIGS would operate 36 tugboats, 7 self-discharging barges, 21 barges, and one accommodation work barge. (LK/ZH)