Sunday, June 18, 2006

Saipem expand drilling services in Makassar

As more and more new oil and gas projects developed in Sulawesi Island, Saipem Indonesia---a subsidiary of Italy's Saipem SA, is expanding its drilling services to Makassar, South Sulawesi province.

PT Saipem Indonesia had secured investment approval from Investment Coordinating Board in March 2006 to invest US$20 million in Makassar for offshore drilling services.
The new investment would create 64 new jobs for Indonesian with revenue target of US$57 million per year.
Few days ago, ExxonMobil announced it's subsidiary Esso Exploration International Ltd had won exploration contract in Sarumana block, Makassar Strait.

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