Indonesian drilling contractor Apexindo has won a contract for one of its offshore drilling rigs from state-owned giant Pertamina.
The contract, worth $13.6m, was signed on Monday, October 20, and is set to last seven months.
According to a company’s stock exchange filing, the contract will positively impact the company’s rig utilisation rate and operating income.
The drilling work will be conducted in the Mahakam Delta region of East Kalimantan. The rig name was left undisclosed.
The driller won work from Petramina in the same region in March this year when the Tasha jackup was hired under a $120m, three-and-a-half-year deal.
A month before that, Pertamina hired an Apexindo rig for three months under a $4.8m deal, also in the same region.
This is the second contract awarded to Apexindo by Pertamina in as many months. The company won a three-month, $4.8m deal in late February for work in the same region.
