PT Apexindo Pratama Duta Tbk (APEX) was awarded a tender for the procurement of goods/services from PT Pertamina Hulu Mahakam for marine drilling in the Mahakam East Kalimantan offshore area.

"The contract value is around US$85.6 million," said Director of Apexindo, Mahar Atanta Sembiring, in the IDX disclosure, on Friday (21/5).

According to him, the work contract is valid for three years, of which the initial two years and one additional year.

The new contract from PHM has a positive impact on rig utilization and the company's income.