Pertamina to Deploy New Rig to Drill at Algeria's Block 405A in January

Indonesia's PT Pertamina Drilling Services (PDSI), a subsidiary of national oil and gas company PT Pertamina, will take delivery of a newbuild drilling rig contructed by PT Citra Tubindo Engineering (CTE) in October for operations at the firm's oil fields in Algeria, local daily The Jakarta Post reported Thursday.

The rig, costing $26 million which Pertamina pointed out is 10 percent below imported alternatives, is the third to be built at CTE's yard in Batam, Indonesia. The rig is expected to arrive in Algeria in January 2015 to commence drilling at Block 405A, where Pertamina holds a 65 percent operating interest.

CTE had build two similar rigs for Pertamina earlier, with both currently working at Cepu Block in East Java, Indonesia. The state-owned company hopes that the Batam-made rig is the first step toward increasing Indonesia’s use of locally made equipment.

“Indonesia has not been confident in producing its own oil rigs, but that needs to change. This rig proves that we can prosper with self-built equipment,” Pertamina's Upstream Operation Director, Muhammad Husen, told The Jakarta Post.

In a related development, PDSI currently operates 42 rigs for oil exploration projects in the country, way below the company’s target of operating 200 rigs by 2018, chief director Farid Rudiono said.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Report: Hiring Managers See Salaries S... (Mar 23)
 -  Repsol Chooses Atlas for Onshore, Offs... (Mar 23)
 -  OGA Awards 25 Licences for 111 UKCS Bl... (Mar 23)
 -  UK Minister Brands Oil Worker Discrimi... (Mar 23)
 -  Analyst Sees Possible Crest for US Gas... (Mar 22)


Most Popular Articles

From the Career Center
Jobs that may interest you
Well Servicing Rig Jobs - North Dakota, USA
Expertise: Derrickman|Floorhand / Roughneck|Production Operator
Location: North Dakota, United States, ND
 
Solids Control Technicians - Bakken Region
Expertise: Electrical Technician|Mechanical Technician
Location: Williston, ND
 
Field Superintendent - US Drilling Rig Operations
Expertise: Drilling Superintendent|Field Service Tech
Location: United States
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours