PT Indo Straits Tbk announced that the company and Total E&P Indonesie signed a Fax of Intent (FOI), in which the company has been awarded with a direct appointment by TOTAL to provide dredging and lifting works services to TOTAL in East Kalimantan area with commencement date from June 16, 2014. The contract value of this project is around USD 490,000. By signing the FOI, it is obvious that the company is qualified to provide its best services to this oil company based in French.