Indonesian oil and gas exploration company PT Apexindo Pratama Duta said it will buy a floating production storage offloading (FPSO) facility with funds it raised from bond sales.

Apexindo earned Rp600 billion (US$64.5 million) from the sales of bond issued in June 2009.

The bond fund has not been used excepting for Rp7.18 billion to cover the cost of offering the bond, Agung Salim, a company director said.

The FPSO facility will be acquired from Mitra International Holding Ltd.