DPR

• Despite continued market pressures, opportunities exist to achieve cost and schedule certainty by:
  Breathing new efficiency into old processes through more collaborative delivery methods.
• "Market forces affect many aspects of capital projects, and we know our customers seek cost certainty before moving forward," said DPR CEO George Pfeffer.
• "We also know the centuries-old process by which capital projects have been designed and built adds pressures and potentially creates unpredictability."
• That compares to less than 30% of projects across the construction industry in that period.

• There are three candidates running, alongside their vice presidential candidates.
• According to opinion polls, the favourite is Prabowo Subianto, leader of the Greater Indonesia Party (Gerindra), a populist and nationalist party he founded in 2008.
• Prabowo is the frontrunner, but it’s unclear whether he will win an absolute majority of votes in the first round.

By the numbers

Voters are also casting votes in parliamentary elections, which include:
580 seats in the House of Representatives (DPR), with more than 9,900 candidates
152 seats in the Regional Representative Council (DPD), designed to represent the regions, with around 670 candidates
and local parliaments in each of the 38 provinces and 416 districts.
In total, there are over 2,700 separate electoral contests being held for around 20,500 seats. All are the responsibility of Indonesia’s independent election commission (the Komisi Pemilihan Umum, or simply KPU) to administer impartially and efficiently.

Logistical nightmare

• The distance from Aceh in the west to Papua in the east is some 5,100 kilometres (3,200 miles), wider than the continental US.
• Read more:
  Cute grandpa or authoritarian in waiting: who is Prabowo Subianto, the favourite to win Indonesia's presidential election?
• To get an idea of the size of the task facing the KPU, let’s look at the presidential election first.
• And they must also make choices for three other chambers – in addition to the presidential vote.

An unglamorous, but remarkable democratic achievement

• So, how well has Indonesia done in this massive task of making democratic elections work?
• In a world where democracy seems increasingly under pressure, Indonesia has managed five peaceful and democratic transfers of power.
• In comparison to neighbouring states in Southeast Asia, where one-party dominance is widespread or democratic progress has been crushed under military coups, Indonesia stands out as a bastion of democratic politics.
• Given the strains placed on the United States’ long-established democracy in recent years, Indonesia’s achievement in making elections work should not go unnoticed.

Stephen Sherlock does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

• HOUSTON, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (the "Company" or "Weatherford") today announced it has been awarded a five-year contract with Petróleo Brasileiro S.A. ("Petrobras") in Brazil, after a competitive tender, to provide Drill Pipe Riser (DPR) ultra deepwater offshore intervention systems and services.
• This new seven-system contract will commence operations March 2025 and will replace a current six-system contract that began in November 2020.
• Girish Saligram, Weatherford President and CEO, commented, “We are pleased to win another Petrobras contract.
• Weatherford has experience in subsea intervention services to extend the productive life of its assets and this contract, combined with the offshore intervention services contract announced in July 2023, highlights the strength of our Brazilian operations.

• "Expanding our Hospital portfolio with OpSens' products creates exciting growth and diversification opportunities, while providing immediately accretive financial benefits," said Chris Simon, Haemonetics' President and Chief Executive Officer.
• "We are pleased to officially welcome OpSens to Haemonetics and look forward to driving greater access to OpSens' essential solutions and benefits for physicians and patients throughout the world."
• Haemonetics financed the acquisition through a combination of cash-on-hand and a $110 million draw under its revolving credit facility.
• Following this acquisition, Haemonetics estimates that its net debt to EBITDA ratio, as defined in Haemonetics' existing credit agreement, will be approximately 2.3x.