Fri, 21 Apr 2006
Price of Oil Rig Rentals Soar
Friday, 21 April, 2006 | 12:38 WIB

TEMPO Interactive, Jakarta: The rise of the world's crude oil prices to beyond the US$70 per barrel level has caused a rise of 300 percent in the price of oil drilling rig rentals.

In addition, the number of rigs number is limited and the demand is very high.

“This increase is due to the euphoria of oil businesspeople who want to drill because of the high oil prices,” said Ade R Satari, Secretary of PT Apexindo Pratama Duta, in Jakarta yesterday (20/4).

As an example, the 'Raniworo' rig belonging to Apexindo has been rented by Santos, an oil and natural gas company, for US$145,000 per day.

At the end of 2005, the rental price was only US$50,000 per day.

Ade explained that Apexindo have signed the rig rental contract for a maximum of three years.

“Many other companies have offered rigs with similar specifications as Raniworo's for US$160,000,” he said.
Rig contracts are limited to three years because oil prices are hard to predict.

Muhamad Fasabeni


Fri, 21 Apr 2006
From: JakChat
Comment by g00f13
Hey Dilli! Are you putting your rate up again? You must have charged USD500 an hour by now.


Fri, 21 Apr 2006
From: JakChat
Comment by KuKuKaChu
i don't normally charge for drilling. unless she's exceptionally ugly, and I'm under the influence of banned substances. cepek dulu dong!


Fri, 21 Apr 2006
From: JakChat
Comment by Dilli
Day Rate for Dill US$ 1,500 (Has not changed for 3 years) I am a stable market!


Sat, 22 Apr 2006
From: JakChat
Comment by dormouse
Date rape for Polar Bears = 1 Seal every three days



News Search/Filter
Transaction Rates
20 Oct 17
Buy
Sell
BTC1
76,517,149
76,517,149
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services