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Medco E&P Natuna opens tender for semi-submersible drilling rig

JAKARTA (RambuEnergy.com) – Medco E&P Natuna, a subsidiary of Indonesia’s private oil and gas company PT Medco Energy Tbk (IDX:MEDC), on Monday (26/03) opens tender for the procurement of a semi-submersible offshore drilling rig and associated services.

The company sets minimum local content of 25%. Those who can participate are domestic companies, national companies, consortium of national companies, consortium of national and foreign companies.

The offshore drilling rig works will cover drilling/sidetracking, workover as well as plugging and abandonment of wells in Block B, Natuna Sea.

The company sets registration and collection of documents on March 27-April 2, 2018 (https://extranet.medcoenergy.com) and submission of document on April 12, 2018.

Those companies interested to take part in the tender should first register at Centralized & Integrated Vendor Database (www.civd-migas.com) and owns valid SPDA.

Interested companies should submit letter of interest and copy of SPDA through e-proc (https://extranet.medcoenergy.com).

In November 2016, PT Medco Energi Internasional Tbk (IDX:MEDC) acquired participating interest in the South Natuna Sea Block B PSC (SNSB), owned by ConocoPhillips Indonesia Inc. Ltd. (CIIL) and ConocoPhillips Singapore Operations Pte. Ltd. (CSOP), both subsidiaries of ConocoPhillips (COP).

CIIL is the Operator of the South Natuna Sea Block B PSC (SNSB) with a 40% working interest and is also the Operator of the West Natuna Transportation System (WNTS).

CSOP operates the Onshore Receiving Facility (ORF) in Singapore. The WNTS infrastructure together with the Malaysian pipeline is and will continue to be the focal point for the commercialization of existing discoveries and ongoing exploration activity within the Natuna area. (*)

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