Apexindo signs rig contracts with Crescent, Indago

PT Apexindo Pratama Duta has secured two contracts worth an estimated $10.7 million from Crescent Petroleum Co. Inc. of UAE and Indago Oman Ltd.

(Asia-Pacific & Middle East) - PT Apexindo Pratama Duta has secured two contracts worth an estimated $10.7 million from Crescent Petroleum Co. Inc. of UAE and Indago Oman Ltd., involving their operation of Apexindo'sRani Woro rig.

Crescent and Indago will useRani Woro for drilling an oil well under each contract, for $5.2 million and $5.5 million, respectively.

It did not specify the location of their operations.

02/09/06

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