(EnergyAsia, January 23, Friday) — Indonesia’s PT Apexindo Pratama Duta Tbk said it has landed a US$2 million contract to lease a rig to VICO Indonesia for three months.
Vico will deploy rig 8 to support its three-month drilling programme in Semberah in East Kalimantan. Apexindo has already leased out three other rigs to Vico.
“For over 20 years, Apexindo has built a very good long standing relationship with Vico. This contract is a proof of trust the company has successfully built from our loyal clients,” said Apexindo president Hertriono Kartowisastro.
Finance director Suarmin Tinowar said: “One of the company’s business strategies is to focus on clients with sizeable reserves and productive wells. This strategy is expected to give positive impact to our rig utilisation which eventually will increase the company’s revenue significantly.”
Apexindo now owns eight land rigs, each of at least 750 horse power. The 1,000 HP rig 8, is capableof drilling to a depth of 12,000 feet.