March 23, 2018 10:40 PM ET

Energy Equipment and Services

Company Overview of PT. Petro Papua Energi

Company Overview

PT. Petro Papua Energi provides contract drilling and workover services to the oil and gas industry worldwide. It specializes in shallow water and onshore drilling. The company is based in Jakarta, Indonesia. As of 2010, PT. Petro Papua Energi operates as a subsidiary of KS Drilling Pte Ltd.

Wisma Metropolitan I

10th Floor Jl. Jend.

Sudirman Kav. 29-31

Jakarta,  12920



62 21 525 6242

Key Executives for PT. Petro Papua Energi

PT. Petro Papua Energi does not have any Key Executives recorded.

PT. Petro Papua Energi Key Developments

PT Petro Papua Energi Wins Contract for the Ks Discoverer 7 Land Drilling Rig

The Board of Directors of KS Energy Limited announced that PT Petro Papua Energi has been awarded a contract for the KS Discoverer 7 land drilling rig. The work in Indonesia is expected to commence in second quarter of 2017. The expected value of the new contract is approximately USD 4.8 million for approximately 9 months’ work. The new contract is not expected to have any material effect on the earnings per share and net tangible assets per share of the company for the financial year ending 31 December 2017. None of the Directors or Substantial Shareholders of the Company has any direct or indirect interest in the aforesaid transactions, other than for their respective interests, through their shareholdings and/or directorships, as the case may be, in the company.

PT Petro Papua Energi Wins Contract for the KS Discoverer 6 Land Drilling Rig

PT Petro Papua Energi awarded a contract for the "KS Discoverer 6" land drilling rig. The work in Indonesia is expected to commence in second quarter of 2017. The expected value of the new contract is approximately USD 5 million for approximately 8 months’ work.

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Recent Private Companies Transactions

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