Elnusa (ELSA) spend 46% of capex for seismic equipments

PT Elnusa Tbk (ELSA) budgeted capital expenditure (capex) of up to Rp 500 billion in 2023. 46 of the capex is used for the maintenance of seismic equipment and wells. Elnusa Manager of Project Evaluation Agung Fibrianto revealed that this year's capex allocation of Rp500 billion was prepared to maintain the capacity of land seismic survey equipment and also 46 percent of well maintenance, with Rp 50 billion of which was budgeted for the procurement of 1 unit of hydraulic workover into a drilling rig. Then 35 percent is budgeted for maintaining the capacity of Hydraulic Workover (HWU), Mobile Well Testing and energy distribution and logistics services.

March 16 2023, Bisnis Indonesia

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