PHENC repeats rig supply tender

By Godang Sitompul

 

Pertamina Hulu Energi Nunukan Company (PHENC), operator of the Nunukan block in North Kalimantan Province, has repeated the rig procurement tender for the planned drilling in the block.

PHENC failed to get the required rig during an earlier tender in November as prices proposed by the bidders exceeded the estimated price level, thus prompting the company to repeat the tender process.

“We have not yet succeeded in obtaining the rig. The offered prices of the rigs were above the estimated price level, thus (the tender) has to be repeated,” said PHENC President Director Achmad Zailani told Petromindo.com on Friday.

He said that the rig price increases in line with the current rising trend in the price of crude, which means that the estimated price must also be revised upward.

“It is now in the process of repeat tender. It is expected that the award for the winning bidder will be made in April-May 2019,” Achmad said.

In January, a source told Petromindo.com that three companies including PT Apexindo Pratama Duta Tbk, PT Harmoni Drilling Service, and PT Sumatra Wahana Perkasa were competing in the rig supply tender held by PHENC, which is looking for rig with capacity of 1,500 HP.

PHENC said previously it had started at the end of July the 3D seismic survey in the Parang and Keris structures. The company said that the 3D seismic survey will support the planned drilling of Keris-1, Parang-2, and Parang-3 wells in the Nunukan block.

The Nunukan block is operated by PHENC with a 66.7 percent interest. It partners with Indian firms Videocon Industries (20.83 percent) and Bharat Petro Resources Ltd. (12.50 percent).

 

Editing by Reiner Simanjuntak