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PT Pertamina

PERTAMINA is a State Owned oil & gas company (National Oil Company), established on December 10, 1957 under the name PT PERMINA. In 1961 the company changed its name to PN PERMINA and after the merger with PN PERTAMIN in 1968 it became PN PERTAMINA. With the enactment of Law 8 of 1971 the company became PERTAMINA. This name persisted until after PERTAMINA changed its legal status to PT PERTAMINA (PERSERO) on October 9, 2003.

PERTAMINA's scope of business incorporates the upstream and downstream sectors. The upstream sector covers oil, gas and geothermal energy exploration and production both domestically and overseas. The foregoing is pursued through own operations and through partnerships in the form of joint operations with JOBs (Joint Operating Bodies), TACs (Technical Assistance Contracts) and JOCs (Joint Operating Contracts), whereas the downstream sector includes processing, marketing, trading and shipping. Commodities produced range from Fuel (BBM) and Non Fuel (Non BBM), LPG, LNG, petrochemicals to Lube Base oil.

With the enactment of the Law of the Republic of Indonesia No. 22 of 2001 on November 23, 2001 relating to Oil and Gas, Law No. 8 of 1971 relating to the State Oil and Gas Mining Company was declared void. In accordance with the provisions of Law No. 22 of 2001, PERTAMINA was transformed into a Public Liability Company (Persero) designated PT. PERTAMINA (PERSERO) under Government Regulation No. 31 of 2003. All existing PERTAMINA provisions including its structural organization, employment guidelines and procedures as well as other matters associated with its duties and responsibilities, unless such matters are in contravention of the said Government Regulation, are declared to continue in force until the Company provides otherwise.

PT PERTAMINA (PERSERO) was established under Notarial Deed of Lanny Janis Ishak, SH No. 20 of September 17, 2003, and ratified by the Minister for Law & Human Rights under Decision No. C-24026 HT.01.01 on October 9, 2003. The above proceeded in accordance with the provisions set forth in Law No. 1 of 1995 relating to Limited Liability Companies, Government Regulation No. 12 of 1998 relating to Public Companies (Persero), and Government Regulation No. 45 of 2001 relating to Amendment to Government Regulation No. 12 of 1998.

Consistent with its deed of establishment, the objective of the PERSERO is to engage in oil and gas exploitation, domestically and overseas, as well as in other exploitation associated with or supporting oil and gas operations.

The objective of the Public Company is to:
  1. Exploit profits based on the principle of effective and efficient PERSERO management.
  2. Contribute toward improvement of economic conditions for the welfare and prosperity of the people.
In order to achieve the above aims and purposes, the Public Company engages in the following:
  • Oil and gas exploitation and the processed products and derivatives thereof
  • Geothermal energy exploitation existing at the time the PERSERO was established, including Geothermal Power Plants (PLTP) in the final stages of negotiations and which the Perseroan has managed to gain possession of.
  • Liquified Natural Gas (LNG) exploitation and and other products generated by LNG refineries.
  • Other exploitation associated with or in support of the undertakings referred to in points above

Clean
Professionally managed, avoid conflict of interest, never tolerate bribery, respect trust and integrity based on Good Corporate Governance principles.

Competitive
Able to Compete both regionally and internationally, support growth through investment, build cost effective and performance oriented culture.

Confident
Involve in national economic development as a pioneer in State owned Enterprises' reformation, and build national pride.

Customer Focused
Involve in national economic development as a pioneer in State owned Enterprises' reformation, and build national pride.

Commercial
Create added values based on commercial oriented and make decisions based on fair business principles.

Capable
Managed by professional, skilled, and high quality leaders and workers, committed to build research and development capability.

PGE PEp
PT Pertamina Hulu Energi (PHE)

PT Pertamina Hulu Energi (PHE) is a strategic operational subsidiary of PT Pertamina (Persero). PHE is designed to manage and develop portfolios in upstream oil and gas business through various schemes includes Joint Operating Body of Production Sharing Contract (JOB-PSC), Pertamina Participating Interest (PPI), and also other partnerships in operating overseas blocks. Besides developing the upstream business, PHE also expanding into the downstream business, it is proved by the participation of PHE as shareholder in the refinery project managed by PT Donggi Senoro LNG (DSLNG).

OIL & GAS

PHE is now operating in 8 Fields of JOB-PSC, Pertamina Participating Interest (PPI) in 17 blocks and 9 overseas blocks (onshore & offshore) in 7 countries. PHE currently has two offshore blocks in which the PHE as the Shareholder and Operator. These two blocks are ONWJ and WMO which is the backbone of PHE production. Before it was acquired by PHE in 2009 for ONWJ and 2011 for WMO, the production of ONWJ block only reached 23,701 BOPD as for WMO block only reached 13,671 BOPD but now the production of these blocks has increased to 32,838 BOPD for ONWJ and 15,300 BOPD for WMO. In the future, PHE will continue developing offshore operations to raise the PHE production target.

COAL BED METHANE (CBM)

From 2008 onwards, PHE has started engaging in Coal Bed Methane (CBM) business by signing the first CBM Production Sharing Contract (PSC) to harness CBM resources in Sangatta, East Kalimantan. In the years to come, PHE will develop more CBM resources in other areas in Kalimantan and South Sumatera. Until January 2012, PHE has established 11 subsidiaries including 4 subsidiaries in Kalimantan and 7 subsidiaries in South Sumatera.

In expanding worldwide and reaching the corporate vision, PHE therefore serves as a corporate vehicle to drive PERTAMINA on becoming a World Class National Oil Company. In this regard, PHE is set in high gear for its future direction of growth to be a RESPECTABLE WORLD CLASS OIL & GAS COMPANY.

PT Pertamina Geothermal Energy (PGE)

PGE has continued to establish themselves as a powerhouse of geothermal energy development in Indonesia. Standing on December 12, 2006, PGE active in geothermal exploration and exploitation in 14 commercial operation work area (WKP) of geothermal iIndonesia in the form of Own Operation, JOC, and JV.

Those 14 WKP are : Sibayak-Sinabung (Sumatera Utara), Sibual-buali-Sarulla (Sumatera Utara), Sungai Penuh-Sumurup (Jambi), Tambang Sawah-Hululais (Bengkulu), Lumut Balai (Sumatera Selatan), Waypanas-Ulubelu (Lampung), Cibereum-Parabakti (Jawa Barat), Pangalengan/Patuha-Wayang Windu (Jawa Barat), Kamojang-Darajat (Jawa Barat), Karaha-Telagabodas (Jawa Barat), Iyang-Argopuro (Jawa Timur), Tabanan (Bali), Kotamobagu (Sulawesi Utara), and Lahendong-Tompaso (Sulawesi Utara).

PT Pertamina Gas

PT Pertamina Gas move in transport, trading and gas processing. Was born on february 23 2007 with the name of PT Pertagas then converted into PT Pertamina Gas in 2008. In the activities of gas transmission, Pertamina Gas has having a network of gas pipe with a volume of total about 34.000 km-inch located in the northern sumatera, the middle part of Sumatera, the southern part of sumatra, west of java, east of java and east kalimantan.

PT Pertamina EP Cepu (PEP Cepu)

PEP Cepu was founded on September 14, 2005 that moving in exploration and production of oil and gas in the Cepu block. On the Cepu block, PEP Cepu has an interest of 45%, partnering with ExxonMobil that has PI 45% (consisting of stocks Mobil Cepu Ltd.)

As Operator 20,5% and Ampolex (Cepu) Pte.Ltd 24,5%), and Badan Usaha Milik Daerah (BUMD) wih interest of 10% consist of BUMD Kabupaten Blora (PT Sarana Patra Hul