JAKARTA (Yosefadi) – Oil and gas service company PT Apexindo Pratama Duta Tbk (APEX) plans to issue bonds worth Sin$500 million, equivalent Rp4.68 trillion, to refinance its debt and fund its working capital.
Currently the company has 7 offshore rigs, 8 onshore rigs, and one FPSO. APEX targets its revenue to grow by 9.4% this year, from US$265 million targeted for last year. It expects to book net profit of US$30 million this year.
APEX) booked contracts of US$614 million until December last year, 80% of which are offshore contracts.