Feb 27, 2012

Indo Straits seals contract from Chevron

PT Indo Straits Tbk (PTIS) has entered into a contractor services contract with Chevron Indonesia Company for the Penajam supply base canal dredging service.
Pursuant to the contract agreement, Indo Straits will provide the services for dredging in Penajam during 6 months starting from February 23 2012 to August 22 2012 worth US$989,000.
In 2002, Indo Straits had been appointed by Chevron Indonesia Company to perform the works Penajam canal dredging. Therefore, the company is deemed to have an experience and capability to work well by Chevron Indonesia.
"We are confident that our existing mutually cordial working relantionship will be enhanced further in the future," Director Bong Nam Kong at Indo Straits said in a company filling to Indonesia Stock Exchange today.

Disclosure: No position at the stock mentioned above. 

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