Pertamina Subsidiary Awarded Contract for Work in Iraq

PT Elnusa, a unit of Indonesia's state-owned oil and gas company PT Pertamina, has recently been awarded a contract to drill oil and natural gas wells in Iraq.

Elnusa's president Rudy Rajab told reporters over the weekend that Iraq's Sabah Al-Shammery & Partners, or SAPCO, awarded the contracts to drills 60 new oil and gas wells in Basrah. Elnusa has valued the investment at up to $90 million. Rudy added the company will start the drilling in late February.

He also said Pertamina may award Elnusa a contract to conduct seismic activities in the Western Desert in Iraq. Former President Saddam Husein awarded the block to Pertamina in late 2002.