Elnusa Signs MOU on Integrity Zone Commitment with KPP Wajib Besar Tiga

Jakarta, September 12, 2019 - Departing from K.R.T Building Radjiman Wedyodiningrat -Jakarta Selatan, PT Elnusa Tbk (Elnusa) a leading Energy Service Company together with the Head of the Tax Office of the Big Taxpayers Three Signed a Memorandum of Understanding on the Commitment to the Integrity Zone.

The Head of the Big Three Taxpayer KPP, Raden Setyadi Aris Handono said “the signing of this memorandum of understanding was in the context of building Integrity Zoning (ZI) towards Corruption-Free Areas (WBK) and Clean and Servicing Bureaucracy Areas (WBBM) aimed at realizing good and clean governance. towards tax employees and Elnusa employees who are clean and free of Corruption, Collusion and Nepotism (KKN), improve excellent taxation services and improve performance capacity and accountability “.

“KPP Tiga Besar Taxpayer is committed to creating a KKN free area and improving services to taxpayers in a professional and humanistic manner,” said Raden Setyadi Aris Handono.

Elnusa’s Finance Director, Hery Setiawan highly appreciates and fully supports what has been declared, namely the Integrity Zone, the Corruption-Free Zone and the Clean and Servicing Bureaucracy Region.

“Elnusa is ready to work together with the Director-General of Taxes in supporting the commitment and affirmation of this Taxpayer,” concluded Hery.

Explore Multi-Client Seismic Opportunities, Elnusa Signed Cooperation with TGS

Jakarta, 12 September 2019 - PT Elnusa Tbk (Elnusa), a national energy service provider, explores collaboration with various companies to strengthen service competencies and expand its market share. This time, Elnusa cooperates with TGS – NOPEC Geophysical Company (TGS), a Norwegian company which is engaged in providing geoscience data worldwide. This collaboration is one of several new business opportunity explorations initiated by Elnusa and signed at Elnusa’s birthday celebration on 9 September 2019.

Elnusa’s Director of Operations, Arief Riyanto stated that, “The purpose of this collaboration is to combine each other’s resources so that it further enlarges opportunities to achieve multicultural projects in the national, regional and international regions. This multi-client scheme is one of the solutions we offer to stimulate the country’s upstream oil and gas exploration activities. Mainly in gross split work areas and offshore areas that have not yet been explored. “

Today, Elnusa is an energy service company with the best competence, technology and experience in Indonesia. Elnusa has carried out a variety of seismic survey services since 1972 and has established itself as a service company with the widest area coverage in Indonesia, including land, transition zones, and the sea. Elnusa’s seismic survey service competence has been recognized abroad. One of them is a seismic marine survey on the Indochina Peninsula for SOCO Exploration (Vietnam) Ltd. Whereas TGS is a provider of initial study data and has a potential multi-client exploration network.

Arief added, “This collaboration is a form of trust of each party to expand its market share. Elnusa is trusted as a seismic survey service provider company that is competent in its field. While TGS plays a role in conducting studies or preliminary studies for prospective areas in open areas. “

Through this scheme, KKKS do not need to incur full seismic survey costs. But it can be obtained jointly with other KKKS by obtaining a license to use survey data that has already been carried out. “Surely this is more beneficial for various parties. We hope that this effort will appeal to KKKS, as well as get the full support of the Government of Indonesia, “concluded Arief. *

Elnusa Ready to Manage Amurang LPG Depot

Jakarta, August 30, 2019 - PT Elnusa Tbk (Elnusa), a leading provider of energy services, continues to make efforts in realizing new business opportunities of the Company. Elnusa spurs business growth by diversifying its portfolio in the energy distribution & logistics segment, through its subsidiary PT Elnusa Petrofin (EPN). The portfolio diversification step currently being taken is to take over the management of the Pressurized Liquified Petroleum Gas (LPG) Depot in Amurang, South Minahasa.

President Director of Elnusa – Elizar P Hasibuan said, “By taking over the management of this Depot, we are confident that we will support Elnusa’s consolidated performance in the face of the complexities of the oil and gas business in the future.”

President Director of EPN – Haris Syahrudin added that initially the Amurang LPG Depot’s operational activities were managed by the previous manager. However, at present, EPN is trusted by Pertamina to take over and manage the operation of the depot with a capacity of 2 x 1000 metric tons (MT).

“With the strategic location of the depot, we are optimistic that this could become an energy HUB to support Pertamina in serving the needs of the community and to increase the resilience of LPG stocks in the Minahasa and South Minahasa regions. Going forward, we will develop an integrated depot with BBM Storage. This is in line with economic growth in the North Sulawesi region. “Added Haris.

“The synergy between Elnusa through its subsidiary EPN and Pertamina is carried out in order to build stronger, more effective and efficient business strengths of course in serving and meeting the LPG needs of the Minahasa and South Minahasa communities”. Concluded Haris. ***

Public Expose 2019: Portfolio Diversification is Key to Elnusa’s Glorious Performance

Jakarta, August 28, 2019 – PT Elnusa Tbk (Elnusa), a national energy service provider company, recorded the brilliant results in the first half of 2019. Consolidated income was recorded at Rp3.7 trillion or grew 29% compared to the same period the previous year which amounted to Rp2.9 trillion. Net profit also increased by 21% from Rp128 billion to Rp155 billion.

Elizar Parlindungan Hasibuan, Managing Director of Elnusa explained, “Elnusa’s performance in Semester I 2019 was the best work of consolidation of all segments both upstream, energy distribution & logistics as well as support. Diversification of business portfolios and the balance of performance between segments are key to achieving this year’s midterm performance. “

The upstream segment which contributed 43% at the end of June 2019 grew significantly supported by Production, Operation & Maintenance services both from the asset-based business and its non-asset business. The blocks that switch to Pertamina such as the Mahakam Block, the Sanga-Sanga Block and East Kalimantan also contribute significantly to the growth of the upstream segment. Geoscience & Reservoir Services recorded a much improved compared to the previous year through seismic activities carried out by Elnusa both on land seismic activities in Central Sulawesi and sea seismic which had just completed work on the waters of North Sumatra and Indochina waters in Vietnam.

The energy distribution & logistics segment as a 53% contributor to the Company’s revenue also grew convincingly. Business development in this segment has been expanded to include the acquisition of LPG depot assets in Central Sulawesi, revitalization of Pertamina’s fuel terminal assets in Belitung, business development through the Build Operate Transfer scheme of depot assets with Antam in East Halmahera and the development of a chemical business that is increasingly intensified with Pertamina as part from increasing national oil and gas resilience.

Elnusa’s improved performance is also evidenced by the improved corporate rating by Pefindo, from idA + to idAA- in the current period of 2019. This rating increase reflects the existence of Elnusa as part of Pertamina’s group in the national oil and gas service industry with diversification of services owned and supported by strong fundamentals and cash flow. Despite the volatility of oil prices and the oil and gas sector which is a capital intensive industry it still cannot be released as a risk factor for Elnusa as a whole.

These various performance improvements prove that Elnusa is more mature in wading through the industry. Elnusa, who was born on September 9, 1969, has now entered a golden age.

“With the maturity of this golden age, Elnusa is able to welcome the coming years with more confidence in realizing the dream of becoming an energy service company capable of building national capacities with various achievements and innovations and being respected internationally.” Concluded Elizar. ***

50th Anniversary: Elnusa Organizes PUBG Mobile Tournament

Jakarta, August 21, 2019 – PT Elnusa Tbk (Elnusa) is turning 50 this year. In his golden age, Elnusa held various sports tournaments titled Olympic or Elnusa Olympic (EN-Lympic). Eleven Sports are competed and are open for participation by various companies. The sports that are competed include badminton, bowling, golf, basketball, bridge, futsal and e-sport Player Unknown’s Battlegrounds (PUBG).

Elnusa’s Head of Corporate Communications, Wahyu Irfan stated, “EN-lympic is part of Elnusa’s birthday series. We are delighted to be able to hold a variety of sports matches and include the PUBG e-sports that are being favored by millennials. “

The EN-Lympic event was officially opened on Friday, August 2 at Graha Elnusa-Jakarta. For the opening of the PUBG sport officially began this afternoon (21/8). More than 170 participants from various companies have registered and will compete in the fight for a total prize of tens of millions of rupiah with two squad and solo categories. Participants not only came from workers in the Jakarta area but other regions such as Balikpapan, Batam, and Cepu.

Wahyu added, “This PUBG Tournament is a new style of sport that can be a place for millennials to train themselves in maintaining the cohesiveness in a team in developing strategies.”

In organizing this tournament Elnusa cooperated with several parties and sponsors. Among them is BOSS entertainment which is one of the e-sport event organizers in Indonesia and sponsors such as ASUS ROG, Game Sir and YesDok.

“We are grateful for the good cooperation and support that has been given for the smooth running of this tournament. Hopefully, this tournament can continue to be held in accordance with the expected goals, “Wahyu concluded.

Semester I 2019: Elnusa’s Performance Increasingly Sturdy, Net Profit Increases 21%

Jakarta, 30 July 2019 - PT Elnusa Tbk (Elnusa), a leading provider of energy services, made it through the middle of 2019 with satisfying results. Operating revenues increased 29% from Rp2.9 trillion in the first semester to 2018 to Rp3.8 trillion this semester. Net profit rose 21% from Rp128 billion to Rp155 billion. The results of this semester are the best work in the midst of the volatility of oil prices which experienced a steep decline at the end of 2018.

Director of Finance Elnusa, Hery Setiawan said that, “Volatility in world oil prices continues to overshadow the performance. But with a focus on portfolio diversification strategies, we succeeded strengthened the performance of this semester. The increase in operating revenues that we successfully achieved, is the result of improved performance in all segments. Upstream oil and gas services business revenue rose 46% compared to the same period last year, supporting services rose 36%, and energy distribution & logistics services rose 21%. “

In the upstream oil and gas service segment, increased seismic survey activity boosted business revenue growth. Until the middle of the year, Elnusa has conducted six surveys both land, transition zone and sea. One of the jobs that received good appreciation was the 2D seismic survey in Indochina Peninsula waters, Vietnam. The increase in this activity, especially the marine seismic survey, has also become one of the boosters for the increase in supporting service business revenue.

In another segment, namely energy distribution & logistics services, the increase in performance was caused by the increase in thruput volume. The increase occurred in the fuel transportation services unit, depot management and the marine industry’s fuel trading business.

“In terms of contribution, the acquisition of mid-year revenue is still dominated by the energy distribution & logistics services segment by 51%. Upstream oil and gas services accounted for 42% and the remainder by supporting services, “added Hery.

In terms of profitability, Elnusa managed to book a net profit of Rp155 billion in the middle of the year. This profit was contributed by 77% distribution & logistics services, 21% upstream oil and gas services, and the rest by supporting services.

“An increase in net profit of 21% amid volatility in oil prices proves that Elnusa is increasingly mature in treading the oil and gas service business. We are optimistic that the exploration of new business opportunities will bring Elnusa to close the end of the year with the achievement of operating income in line with the company’s target, “continued Hery.

Elnusa is exploring new opportunities from various segments. In the upstream oil and gas services, several opportunities are explored, including the development of new markets abroad, the signature bonus exploration & multiclient seismic opportunities, as well as the operation & maintenance refinery business. In energy distribution and logistics services, Elnusa started its infrastructure business by revitalizing and building a fuel terminal, as well as boosting the chemical business for enhanced oil recovery. In addition, supporting businesses by utilizing the internet of things have also begun to be developed.

“Until now, Elnusa has realized several new business opportunities. Among them are exploring refinery operation & maintenance services in several projects, infrastructure business with revitalization and the construction of the BBM terminal, and starting chemical services to support EOR, “concluded Hery. ***

Elnusa’s Blood Donation Produces Hundreds of Blood Bags

Jakarta, July 23, 2019 - PT Elnusa Tbk (Elnusa) again held a blood donor action in collaboration with Palang Merah Indonesia (PMI) on Tuesday (23/7), at the Udaya Room, Graha Elnusa, Jakarta. One of the Corporate Social Responsibility (CSR) activities held regularly every quarter attracts the enthusiasm of the people of Elnusa and the tenants of the Graha Elnusa Building.

The event coordinator, Aqil Zulmi informed that today’s blood donation was attended by 198 donors consisting of workers, Graha Elnusa tenants, and residents around Graha Elnusa and managed to collect 154 bags of blood.

“It seems that more and more good people in Elnusa, can be seen in the interest in blood donor activities this morning. We keep this routine because there are so many positive impacts from this blood donor activity, especially for the health of recipients and donors, “said Aqil.

The results of the blood donation will be brought by PMI to be used for people in need. As for patients who undergo surgery, accidents, and other medical actions that require blood.

Elnusa and Pertamina EP Distribute Aid to Victims Floods in Banggai

Banggai, July 22, 2019 - PT Elnusa Tbk (Elnusa) and PT Pertamina EP (PEP) channel aid to communities affected by floods in several villages in Banggai, Central Sulawesi (07/19/19). While the affected areas are Toili and Moilong sub-districts, Banggai Regency – Central Sulawesi. Assistance distributed is basic needs such as basic needs and other basic necessities.

The submission of this assistance was handed over by the Chairperson of Elnusa Hadi Hermawan and PEP Field Supervisors to the affected communities, and was sent to the Sentralsari Village of Toili Sub-district which was received by the head of the Toili village head, Darsono (07/19/19), in another village in Arga Kencana Village distributed 100 parcels of staple food to 22 heads of families represented by the Head of Arga Kecana Village, Paidi. On Saturday, July 20, 2019 the distribution of gifts was given to the community in Mulyo Harjo Village, Moilong Subdistrict, as many as 100 food packages.

Elnusa’s Head of Public Relations, Eko Bayu Suseno requested that the assistance provided could provide benefits and help alleviate the burden on the people who currently need disaster. This assistance is part of Elnusa’s Corporate Social Responsibility (CSR) program.

“The assistance provided is a form of Elnusa’s and PEP’s social care for the environment, we agree with the help of residents who use floods in the Toili and Moilong areas.” Said Bayu.

Hopefully the assistance channeled by Elnusa and PEP can ease the burden of flood victims and provide benefits to the community in the Toili and Moilong Subdistricts – Banggai District.

Elnusa Received an Award from the Directorate General of Land Transportation

Jakarta, 25 Juni 2019 - PT Elnusa Tbk through its subsidiary PT Elnusa Petrofin (EPN) again won recognition for the superior operational performance of stakeholders. EPN was awarded the Role of the Model of Dangerous Goods Transport Companies that implemented the Public Transportation Safety Management System from the Directorate General of Land Transportation of the Ministry of Transportation of the Republic of Indonesia.

The award received on Friday (6/21/2019) is an appreciation of EPN’s efforts in maintaining the safety and security of transportation or transportation activities of dangerous goods.

According to Sigit Irfansah, Director of Land Transportation Facilities at the Ministry of Transportation, in addition to being a token of appreciation to EPN, this award is also expected to be able to motivate companies and transport businesses of dangerous goods throughout Indonesia.

“Currently there are around 900 business sectors engaged in transportation activities of transporting dangerous goods, but there are still a few who apply the standards of Public Transportation Safety Management Systems. Hopefully the company chosen to be a role model is an example and can invite other companies to implement Transport Safety Management Systems. “General is good and right in its operational activities,” said Sigit on the sidelines of the event.

Meanwhile, President Director of EPN, Haris Syahrudin, revealed that the implementation of the Public Transportation Safety Management System to transport dangerous goods is mandatory for companies engaged in the business of transporting goods. “This is part of the company’s performance that prioritizes safety aspects in carrying out our activities,” Haris said.

In addition to EPN, PT Pertamina Patra Niaga, Puninar Fueller, PT PPLI, PT BCS Logistics were also selected as Role Models of Dangerous Goods Transport Companies that implement the Public Transport Safety Management System.

Elnusa was appreciated by SOCO Exploration (Vietnam) Ltd for completing the 2D Marine Seismic Survey on the Indochina Peninsula

Ho Chi Minh City, 18 June 2019 - PT Elnusa Tbk (Elnusa) received an award from SOCO Exploration Vietnam Ltd (SOCO) for completing the Marine 2D Seismic & Magnetic Data Acquisition Survey on the Indochina Peninsula, Vietnam. This award was given directly by SOCO General Manager Vincent Duignan to President Director of Elnusa, Elizar P Hasibuan, who was handed over directly to the SOCO Operations Office, today (18/06).

At the closing ceremony of the project, Vincent Duignan said, “We thank you for completing this marine seismic survey. Elnusa team is very professional, capable of carrying out work on target, without loss of work time (LTI) and capable of producing excellent seismic data quality. “

Welcoming the appreciation, Elizar P Hasibuan expressed his gratitude for the award given. “The collaboration of this seismic survey is the first time between Elnusa and SOCO. We are grateful for the trust that has been given. Hopefully, Elnusa and SOCO can continue to work together and grow together in the future.”

Elnusa successfully completed the project faster than the duration stated in the contract. The success of this project is a matter of pride because it succeeded in shipping Indonesian-flagged seismic vessels, as well as proving that Elnusa has competent competencies to carry out oil and gas exploration abroad. In addition, these good results can be realized through the diversification of the Elnusa Group portfolio. In this case, Elnusa involved Elnusa Trans Samudera (ETSA) which is a subsidiary of Elnusa which has competence in marine support as well as vessel operator Elsa Regent.

Elsa Regent is the most sophisticated seismic ship in Indonesia currently headed by and manned by 100% native Indonesian. Elsa Regent has a capacity of up to 12 streamers with a length of each streamer reaching 10 km, making it ideal for carrying out seismic survey work in wide and deep ocean areas. Elsa Regent is able to produce subsurface 3D seismic images with very high quality and accuracy, capable of recording data when turning so that it is time and cost efficient, data recording can be carried out continuously and can produce raw data that can be processed directly.

At present, Elsa Regent is supporting Pertamina Hulu Energi to conduct a marine seismic survey in the North Sumatra Offshore Block. This work is a form of synergy between Pertamina Group and is expected to be completed in 21 days.

With a long experience of 50 years, Elnusa is increasingly establishing itself as an energy services company that is able to provide total solutions to customers. Elnusa, total solution energy services company. ***