- Business
- PT Apexindo Pratama Duta Tbk (APEX.JK) operates as an integrated oil and gas services company focused on providing offshore drilling solutions primarily in Indonesia. The company offers a comprehensive range of services including jack-up drilling rigs for shallow water operations; swamp barges and amphibious rigs for onshore and swamp terrain drilling; offshore support vessels such as anchor handling tug supply vessels and crew boats; and related services encompassing drilling management, engineering, project management, and well services. Its fleet includes branded rigs like PT Apexindo Ketebalan Jaya, Bontang Time Charter, and others tailored for exploration and production activities in challenging environments. Founded in 2004 and headquartered in Jakarta, Indonesia, Apexindo primarily serves upstream oil and gas operators in Southeast Asia, with operations concentrated in Indonesian waters and select regional markets.
In recent developments, the company expanded its fleet capabilities through the acquisition and deployment of newbuild rigs, including the delivery of ultra-high-spec jack-up rigs to meet rising demand in Southeast Asian offshore drilling. Apexindo secured multi-year contracts with major clients such as Pertamina Hulu Energi and international operators, bolstering its contract backlog amid recovering oil prices. Additionally, it pursued strategic partnerships for digitalization initiatives in drilling operations and announced sustainability efforts aligned with Indonesia's energy transition goals as of 2024-2025.