The Jakarta Post reported that publicly listed coal, oil and gas contractor PT Perdana Karya Perkasa has recently won a contract worth IDR 190 billion from oil firm Virginia Indonesia Company (Vico) to build gas pipelines.
Mr Untung Haryono director of finance at Perdana Karya Perkasa said that "We will work on the pipelines to support the oil and gas activities of Vico in East Kalimantan. We will start the project in February and we expect to finish in 2014."
Mr Untung said that Perdana Karya Perkasa was also in the process of bidding for other oil and gas drilling and exploration projects owned by Vica estimated to be worth IDR 200 billion. The new project will help the company meet the company's target of booking IDR 7.76 billion in net profit and IDR 522.58 billion in total revenue in 2012.
Perdana Karya Perkasa currently has three business units of construction, coal mining and heavy equipment for land clearing.
In the construction sector, Perdana Karya Perkasa is targeting to work on contracts worth IDR 416 billion in 2012, consisting of new contracts of IDR 285 billion and carry over contracts of IDR 131 billion. The total contracts are expected to generate revenue of IDR 379.04 billion.
In the coal mining sector, Mr Untung said that Perdana Karya Perkasa would improve production of its mining site in Dondang, East Kalimantan, through cooperation with other mining contractors. The company is aiming to boost production in Dondang to 360,000 tonnes in 2012. He added that "We hope that Dondang will contribute IDR 86.4 billion in revenue in 2012, with a gross margin of IDR 25.2 billion."
In the heavy equipment rental business unit, the company is targeting to obtain land clearing projects worth IDR 65.7 billion, consisting of IDR 50 billion of new projects and IDR 15.7 billion of carry over projects. The company is targeting to reap IDR 57.1 billion in revenue from the heavy equipment business.
Mr Untung also said that the company would continue to study the possibility of acquiring a coal mine.
(Sourced from www.thejakartapost.com)
