Elnusa Can Contract New Oilfield $ 20 Million
Stock Report April 18th, 2010
JAKARTA – The company coats upstream oil and gas (oil) PT Elnusa Tbk (ELSA) by business unit, Oilfield Services (Division) received contracts maintenance services producing wells on the island of Java and East Kalimantan, with the value of contracts of this project is $ 20 million.
VP Corporate Secretary ELSA Heru Samodra revealed, the company will provide maintenance of oil wells earth by using a unit hydraulic Workover, snubbing, and well testing barge in this project.
In addition, the division Oilfield Services also is completing projects Workover, snubbing, and well testing barge in the area of East Kalimantan with a contract value which is still running for USD28, 92 million.
In addition to completing these projects, the company is also working on a project in the form of service operations and service maintenance for the system of pipelines and production facilities in Java and Sumatra with a value of contracts that are still going for $ 6, 27 million.
“Thus the contract Oilfield was doing Elnusa has reached $ 55, 19 million,” said Heru, as quoted from the written information received okezone in Jakarta, Wednesday (10/3/2010).
To support the performance of the company in 2010, ELSA has budgeted funds for capital expenditure (capital expenditure / capex) with a value of $ 70 million.
“To strengthen the core business we are in the services the upstream oil and gas integration and business growth of the Company, Elnusa has set up capex worth $ 70 million in this year. The funds obtained from internal funds and external,” said he.
For your information, ELSA is a service company upstream oil and gas that provide integrated services, ranging from service discovery reserve oil and gas (integrated Geosciences services), services drilling oil and gas (integrated drilling services), and services oil and gas production (integrated Oilfield services).
For integrated Oilfield Services, the company provides integrated services ranging from well services (hydraulic Workover / snubbing, slickline, well testing units, coiled tubing units), EPC (O & M production facility and pipeline), to service IOR (improve oil recovery).
“Elnusa has built competencies nearly 40 years and has extensive experience in working on projects in the services the upstream oil and gas integrated. In addition to onshore, we will improve our services to a segment offshore,” said h
ACE Hardware Indonesia Extend Licenses in 15 Years
Portfolio April 18th, 2010
JAKARTA – ACE Hardware Corporation continued its license agreement for the brand and products directly imported from the United States with PT ACE Hardware Tbk (ACES), after 15 years in synergy together.
As noted ACES management, the disclosure of information to the Indonesia Stock Exchange (BEI), in Jakarta, on Thursday (18/3/2010), management company has signed a license extension was made on January 19, 2010.
With the extension of the license valid for 15 years, this new agreement will run January 1, 2010 until December 31, 2024.
Just mengigatkan, the company will open a new outlet measuring 15 thousand square meters called Living World which will be built in August 2010.
In addition to building plans, the EGM in April and has agreed to pay rent of about Rp90 billion to PT Kawan Lama Sejahtera, which is the parent company.
Rent payments have been made in August of Rp20 billion. Time of payment of about Rp90 billion. This is done according to a lease agreement which was signed between the parties.
dollar Stronger, the Black Gold Down to USD81
Gold Investing April 18th, 2010
- Crude oil prices again weakened, although dikisaran still survive USD81 a barrel level, in trading Tuesday (9/3/2010) local time, along with the strengthening of United States dollars (U.S.).
As quoted by the AFP, Wednesday (10/3/2010), the oil reference price for April contracts, down 37 cents to U.S. $ USD81, 50 per barrel, on the New York Mercantile Exchange (NYMEX.) In the early trading, oil prices had slumped to $ 80, 16 per barrel. While in London, the price of Brent oil fell 56 cents to U.S. $ USD79, 91 on the ICE Futures.
Oil prices weakened due to the pressure the U.S. dollar strengthening, so that for the investors who hold other major currencies to buy oil objection.
According to analyst Addison Armstrong, strengthening U.S. dollar against the euro, triggered by a conversation between President Barack Obama with the Prime Minister of Greece related debt crisis that hit the country.
Meanwhile, the Energy Information Administration said in a monthly projections that oil and gasoline prices tend to be stable this year
Moving to California
Company Info April 8th, 2010
My Friend just contacted me, And he feel very happy. Finally he got his dream job, after 2 years left college, finally got a position in the dream company. The new job is in california, so it’s official that he is Moving To California, for the next step of his life.
He already find a California Moving Companies, he was logged on to movers.com, they are with lots of listing of experienced Long Distance Movers.. Yes I understand, the stuff and his belonging is his everything so should be taking care by people that can guarantee the stuff will be relocated safely to his new apartment near his new office in california. Yes, a week before he already search for new apartment, and not more than two hours, he found a place that complete for him.
His first day of work will be next Monday, he prepare for some speech, while he’s on the way to california. From the blackberry messenger we talked about how he really exciting for this new challenging job. Even this is gonna be his first year be apart with his beautiful fiancee, but hopefully everything will goes well for them, they are planning to get married in the end of this years.
So I just want to say happy for you cristian, ….It’s official that you are a california movers
Think to Move Abroad
Company Info April 7th, 2010
Which Offshore is a premium research site for British expatriates and people hoping to live or move abroad. There is a range of articles covering relocation and the trials that come with such a big life upheaval. Whichoffshore.com offers a large selection of detailed city guides that will prove to be an invaluable resource for anyone thinking about becoming an expat. The city guides cover most of the popular expat destinations including Dubai, Hong Kong, Switzerland and many others. They offer information on vital areas of expat life such as healthcare, getting a work visa, local customs, employment prospects and places to live.
Which Offshore’s team of expat experts understand that moving abroad can be stressful, so there are articles covering topics like settling in, relocating a family, finding suitable education for children and more. There is also a wealth of information on financial topics, with articles dedicated to helping expats make the most of their unique tax situation. There are discussions on the topics of retirement, investments, pensions, savings, offshore banking and wealth management; all with a focus on expatriates.
The Which Offshore team is comprised of current and former expats, finance experts and journalists, which is reflected in the quality of the site and its content. All of the information is free, unbiased and current, including daily expat news
