Oct 25, 2010

Petrosea secures US$18.5 mio contract

Multidisciplinary mining, engineering, and construction company PT Petrosea Tbk, a wholly owned subsidiary of engineering and coal company PT Indika Energy Tbk (INDY), has recently signed a supply base logistic contract with Total E&P Indonesie worth US$18.5 million.
In a press statement today, Petrosea will provide logistic supply base of Total's offshore operations through Petrosea Offshore Supply Base in Tanjung Batu, East Kalimantan.
"This contract reflects momentum for growth of the supply base growth that has been started since 2006," said Wadyono Suliantoro, Petrosea President Director, said in the statement.
Petrosea also gas experiences providing supply base service to Exxon Mobil, ENI Burkat, Marathon, Anadarko, Baroid, Halliburton, and MI Swaco.

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: