JAKARTA (AFX-ASIA) – Oil rig operator PT Apexindo Pratama Duta said its shareholders have approved a management proposal to convert the company’s US$42 million compensation payment to affiliate PT Medco Energi Finance Overseas BV (MEFO) into a five-year loan facility. The decision was made at a recent special shareholders meeting. “Market regulation requires us to…

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JAKARTA (AFX-ASIA) – Oil rig operator PT Apexindo Pratama Duta said its shareholders have approved a management proposal to convert the company’s US$42 million compensation payment to affiliate PT Medco Energi Finance Overseas BV (MEFO) into a five-year loan facility. The decision was made in a special shareholders meeting last week. “Market regulation requires us…

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