PT Apexindo Pratama Duta Tbk (APEX) won the tender to procure goods/services from PT Pertamina Hulu Mahakam for marine drilling in the Mahakam offshore area East Kalimantan.

"The contract value is US$49.2 million," said APEX's President Director, Zainal Abidinsyah Siregar, in his statement, on Wednesday (9/6).

He added that the duration of the contract is 30 months, which is divided into 12 initial months, six operational months, and 12 optional months.

With this new contract, the level of rig utilization and the company's operating income will increase.