PT Ginting Jaya Energi Tbk Stock

PT Ginting Jaya Energi Tbk is an Indonesia-based oil and gas contractor company specializing as a provider of RIG workover and well service (RIG WOWS) rental services. The Company offers services including WOWS old wells as well as rental of tools, materials and mob. The Company's main business sector is supporting oil and gas operational activities by means of workover of old wells (existing), both flushing work, reconstruction work for completion in enhanced oil recovery (EOR) wells. The Company's types of work include work over, well service and EOR. Its work over service is the reworking of old oil and gas wells that already exist by moving production from the no/less productive zone to the more productive zone. The Company's well services program is a rework carried out on old oil and gas wells (existing), because the well lifting performance has not met the optimal design capacity of the equipment by means of scope of work improvement on several problems in oil and gas wells.