Tender Procurements and Contract Opportunities Indonesia

JAKARTA: Association of Drilling Oil, Gas, and Geothermal Indonesia (APMI), hoping to divert funding drilling results, from the beginning that rely on financial institutions in Singapore become to domestic banks.

Chairman Tito Kurniadi said APMI based plan Executing Agency for Upstream Oil and Gas (BP Migas), this year there are about 200-300 new wells will be drilled in Indonesia. That amount, he said, could develop in accordance with the contractor needs the cooperation contract (KKKS) and also the geothermal business in Indonesia.

'[Order] of the KPS [oil company] this year alone number around 200 to 300 wells will be drilled. Actual amounts depend on the program of oil and gas contractors and geothermal, "he said today.

According to Tito, drilling service which covers 11 business sectors save huge business prospects and promising. Moreover, he said, the future prospects of oil and gas and geothermal business in Indonesia will continue to evolve with increasing energy needs in the Country.

Only, according to him, during the company's drilling difficulties obtaining funding in this country. On the other hand, he added, financial institutions such as investment banking in Singapore is very aggressive toward a number of companies drilling in Indonesia.

"Investment banking is very aggressive from Singapore to support us. It is very regrettable because in our country there are actually quite capable of banking to fund this business, "he said.

Today, Bank BRI Tbk signed a cooperation with APMI to fund drilling activities in Indonesia. BRI of them will play a role in providing investment and working capital credits to members of APMI.

"Ceiling that we provide to every company around Rp5 billion to Rp50 billion. But that will depend on the needs of each company, because the characters work well in every area is different, "said Bambang Soepeno BRI Director. (Er) By: Rudi Ariffianto (Bisnis.com)

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