JAKARTA (Yosefardi) – PT Tripatra Engineers & Contractors Indonesia, subsidiary of PT Indika Energy Tbk (INDY), allocates US$330 million for offshore gas project in Makassar straits.
This project will cost US$1.1 billion. Triparta and consortium had in February 28, 2014 signed contract with Eni Muara Bakau BV for developing the Jangkrik complex.
Meanwhile INDY allocates capital expenditure (capex) of US$113.5 million for this year.