Aqua-Terra Supply is to set up a rigging and testing and certification facility on Batam, Singapore's Business Times reported Tuesday (8/1/08).
The facility will be run under PT MH Global Indonesia, which is a subsidiary of Aqua-Terra unit Marinehub.
It will serve the needs of the increasing number of oil-and-gas and marine companies now operating in Batam.
Marinehub holds 99% of the equity while Kabil Industrial Estate owner PT Kabil Indonusa Estate takes up 1%.
Total investment in the company will be over $3 million, Aqua-Terra said in a statement.
Aqua-Terra's new facility will enable it to expand its rigging and testing and certification services from its current operations in Singapore to meet the needs of its customers in Batam.