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
