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Videos »  Indika's capex decreases to US$40.8 million
09 May 2016

JAKARTA - PT Indika Energy Tbk (INDY) allocates a capital expenditure (capex) of around US$40.8 million for Indika Holding and subsidiaries.

Deputy Director of PT Indika Energy Tbk (INDY) Retina Rosabai said the capex will be used to maintine its subsidiaries except for PT Tripatra.  

Its capex will be allocated to subsidiaries such as PT Kideco around US$3 million, PT Petrosea Tbk (PTRO) as much as US$27 million, PT MBSS around US$6 million, PT Indika Energy Tbk (INDY) around US$4.8 million.

According to her, in 2015, the total capex reached US$58.7 million, that was mostly utilized for maintenance, and only for MUTU and Resources was used to start a production.

Kideco;s top line targets an estimated 32 million tons of production for this year and Petrosea’s backlog will be around US$679 million. “We targeted for over burden volume around 60 million bcm,” she said.

She added MBSS backlog is around US$189 million and Tripatra set a backlog around US$180 million. “Our target was to accomplish the ongoing project,” she added.