Welltekindo's first export

Welltekindo's first export

JAKARTA (JP): PT Welltekindo shipped on Saturday two wirelines
worth US$180,000 to the Malaysian oil company Petronas, under a
contract with Dimension Bid Sdn.

"This is our company's first export from Indonesia. What makes
the shipment more significant is the fact that the Malaysian
company also bought our technology," Welltekindo's president
Ermin S. Nasution told reporters.

This meant, Nasution added, that Welltekindo would also assign
its experts and technicians to install, operate and maintain the
wirelines for the first year.

Nasution said Welltekindo had signed a contract early this
year with Dimension Bid Sdn, Petronas's local contractor, to
provide equipment, tools, technical specialists and training for
Malaysian personnel.

Nasution said his company has a production capacity of eight
wireline units per year and now commands 70 percent of the
wireline market in Indonesia.

He added that his company currently provides services to major
production sharing contractors, including Arco, Vico and Total
Indonesie.(04)