Elnusa Holds Presentation Forum “Continuous Improvement Program (CIP) 2018″

Jakarta, 7 November 2018. PT Elnusa Tbk (Elnusa) holds the title “Presentation Forum Continuous Improvement Program (CIP) 2018″ at Udaya Room, Graha Elnusa – Jakarta. The theme of this event was “Diversity of Improvement to Energize Elnusa Total Solution”. This event will take place for three days, 7–9 November 2018.

The VP of Engineering Center & Quality Management, as well as Chairman of the CIP Jury – Muryono Hadi in his report, said “This year is the 4th independent CIP implementation since 2014. The collected Elnusa Group minutes reached 152, or 11% more than the target. This increase shows the enthusiasm of quality people to continue to contribute to the progress of Elnusa “.

Representing PT Pertamina (Persero), Upstream Business Improvement Manager – Reinhard Simanjuntak expressed his appreciation for the organization of this forum. “This CIP forum is an actualization of innovation that has a positive impact on the company. We hope that this forum can be more integrated, making the culture of thinking and acting and solving various problems. Congratulations on presenting the best, assure the jury that your minutes are the best, “he added.

In addition, in this forum President Director – Tolingul Anwar also emphasized the importance of “Continuous Improvement to Continuous Innovation”. Tolingul explained, “The industrial era 4.0 has created a new paradigm. CIP must now be able to disrupt existing business processes. Many industries today have succeeded in becoming key players because they have succeeded in disrupting existing ecosystems. CIP coverage in the future is no longer continuous improvement but continuous innovation to make new DNA. Let’s be an extraordinary person, by continuing to innovate high, so that business DNA develops so that Elnusa can survive in this industry.”

Parenting Talk & Launching E60-Fit Batch 2 on “Elnusa Wellness Day”

Jakarta, October 25, 2018 – In order to maintain the health of employees and families as well as a form of appreciation especially for employees & wives of employees, PT Elnusa Tbk again held the “Elnusa Wellness Day” yesterday (24/10) in Udaya Room, Graha Elnusa. Elnusa in collaboration with PT Jardine Lloyd Thompson (JLT) & PT Asuransi Reliance Indonesia (ARI) held a parenting talk with the theme “Working Mothers, Raising Children” hosted by senior psychologist Dra. Tika Bisono M.Psi. T. In addition, Elnusa Wellness Day also held the Launching of E60-Fit Batch II presented by VP of Human Capital Elnusa, Dr. Muhammad Fahmi El Mubarak. On launching the E60-Fit also presented the Indonesian National Team Doctor, namely dr. Grace Joselini Corlesa S., MMRS. He gave a discussion about “Exercise Can Bring You Clear Mind & Enhanced Productivity”. The launching of E60-Fit batch II is expected for participants to be able to commit to routinely attend existing programs and make Elnusa employees have a healthy & fit body. The event closed with Kahoot quiz which was attended by the participants. Besides that the event was also enlivened with several interesting booths such as Stifin Finger Test, Body Mass Index by Kopenusa and Omni Hospital, Medical Test using a computer test by Kalbe, also provided a children’s play area.

Blood Donation Action Collect 150 Bags of Blood.

Jakarta, October 23, 2018 – PT Elnusa Tbk (Elnusa) again held a humanitarian action by holding a blood donor. The activity took place at the Udaya Room – Graha Elnusa (23/10). This social activity is one of Elnusa’s Corporate Social Responsibility (CSR) activities which collaborates with the Bekasi Regency PMI Blood Transfusion Unit which has been routinely carried out every 3 (three) months.

Along with the blood donor activities, Kalbe Farma, in collaboration with PMI Bekasi Regency, opened an outlet to provide free Skin Check & Body Mass Index (BMI) facilities. Free examinations include consultation on skin types & bad fats in the body or organs. This facility can certainly be used by Elnusa workers and prospective blood donors to be able to measure their health.

Jayanty O. Maulina, the coordinator of this activity, said that in addition to being a social activity and routine CSR program for Elnusa, this blood donor also aims to cultivate a healthy life and make blood donors a lifestyle. In addition, this activity also aims to assist PMI in fulfilling blood needs. “Thank God, for the blood donation program this time there were 229 prospective donors and successfully collected 150 blood gourds, of course, the achievement of the number of blood bags had met Elnusa’s target. Unfortunately, not all potential donors can donate their blood because there are several health criteria that potential donors cannot meet. Prospective donors and donors are Elnusa workers, Graha Elnusa tenants, workers’ families and communities around Graha Elnusa. Thank you to the noble-hearted donors and see you at the blood donor for the next three months, “he said.

EGMS Approved New BoC & BoD Composition and Amendment to the articles of Association Elnusa

Jakarta, 31 August 2018PT Elnusa Tbk (Elnusa), reputable energy services company, held an Extraordinary General Meeting of Shareholders (EGMS) at Graha Elnusa, Jakarta. The two agendas discussed at the EGMS are changes to the management structure and changes to Elnusa’s articles of association.

Manager of Corporate Communications Elnusa – Wahyu Irfan said, “EGMS agreed to change the composition of the Board of Commissioners and appointed two new directors to complete the composition of the Board of Directors, namely the Finance Director held by Hery Setiawan and the Director of Business Development concurrently the Independent Director held by Arief Riyanto. In addition, shareholders also agreed to amend Elnusa’s articles of association with the addition of supporting business activities in the field of water and wastewater management services.”

Elnusa would like to thank the Board of Directors and the Board of Commissioners for their dedication and contribution during their mandate in the company.

After the resolution of the EGMS, the composition of the Elnusa board is as follows:

Board of Directors
President Director: Tolingul Anwar
Operation Director: Elizar Parlindungan Hasibuan
Finance Director: Hery Setiawan (New)
Business Development Director, concurrently Independent Director: Arief Riyanto (New)
Human Resources & General Affairs Director: RM Happy Paringhadi

Board of Commissioners
President Commissioner: Narendra Widjajanto (New)
Commissioner: Eman Salman Arief (New)
Commissioner: Afdal Martha (New)
Independent Commissioner: Lusiaga Levi Susila
Independent Commissioner: Pradana Ramadhian G

Public Expose 2018: Elnusa Achieved Excellence Performance with Integrated Service

Jakarta, 28 August 2018 – PT Elnusa Tbk (Elnusa), reputable energy services company, recorded excellent results in the first half of 2018. Consolidated revenue was Rp2.9 trillion or grew 47% compared to the same period of previous year which only reached Rp1.9 trillion. Net income also increased significantly from Rp14 billion to Rp128 billion.

Tolingul Anwar, President Director of Elnusa explained, “Elnusa’s performance in the first semester of 2018 is far better than last year. Aside of late beginning major projects factor in Semester II 2017 which affecting on the overall performance of the year, this year the Elnusa projects are relatively better and more measured.”

Elnusa’s performance improvement this year was mainly dominated by the logistics and energy distribution segment which grew 50% compared to the previous year. The growth of this segment also increased its contribution to Elnusa’s revenue to 56%. This segment growth factor was due to the addition of several new projects and supported by an increase in the volume of both fuel trading and distribution.

In the upstream oil and gas services segment, growth was occurred in the production & operation maintenance lines which increased by more than 50% over the previous year. Improved oil and gas activity is reflected in the increase in the volume of work in asset-based businesses such as Hydraulic Workover, Coiled Tubing, Fluid Drilling and non-asset based businesses such as Engineering Procurement Construction & Operation Maintenance (EPC-OM).

Another upstream oil and gas service segment line, namely Geoscience & Reservoir Services, which is dominated by seismic survey work, recorded stable performance. The large project of the West Papua 3D Klamasossa land seismic survey was successfully completed faster than the target in the first quarter. In addition to marine seismic survey services, Elnusa this year has just completed work in Selabangka, Singkawang and Java Sea.

Tolingul added, “One of the directions of Elnusa’s current business development is to strengthen the line of marine seismic survey services. After having ELSA Regent, an Indonesian-flagged seismic vessel, Elnusa has completed its offshore technical capabilities with the latest ocean bottom nodes nodal equipment investment that will be used for a variety of subsequent marine seismic projects.”

Elnusa believes that with Elnusa’s new vision, Reputable Energy Services Company by Providing Total Solution, Elnusa in the future will be in a stronger position as an energy services company that is able to deliver total solutions with diversification of services from upstream oil and gas, logistics and energy distribution to supporting. ***

Improve Employees’ Health, Elnusa Develops E-60Fit

Jakarta, July 31, 2018 – PT Elnusa Tbk (ELNUSA), a reputable energy services company, applies the E-60Fit “Elnusa 60 Days Commit to Fit” program as an effort to improve employee health conditions. This program presented in the Upstream HSSE Forum on last Friday (07/27), as part of the wellness program and supports the implementation of Health, Safety, Security & Environment (HSSE).

The background of E-60Fit was based on the result of accident factor analysis, 60 percent influenced by humans or workers. In this case the mindset, competence and health conditions of workers. To reduce the risk of workplace accidents, Elnusa developed this program.

M Fahmi El Mubarak, VP of Human Capital Elnusa stated, “E-60Fit aims to prevent chronic diseases and foster a culture of employee healthy lifestyles. It is expected that employee productivity will be better with optimal health conditions”.

Elnusa also introduced a dashboard monitoring the results of medical check-ups (MCU) that provide real-time information about the current status of employee MCUs. Through this dashboard employee demographics, MCU status and diagnosis of MCU results are monitored properly. ***

EGMS Appointed New Structure of BoC & BoD

Jakarta, March 5, 2018 – PT Elnusa Tbk (Elnusa), a reputable energy services company, conducts an Extraordinary General Meeting of Shareholders (EGMS) at Graha Elnusa, Jakarta. One agenda discussed in this EGMS is the change of the composition of the Board of Directors (BoC) and Board of Commissioners (BoD). The agenda is organized as per request of PT Pertamina (Persero) as shareholders representing 41.10% share.

Manager of Corporate Communications Elnusa – Wahyu Irfan stated, “The EGMS approved to dismiss Honorably President Commissioner – Syamsu Alam, Commissioner – Budhi Himawan, and Business Development Director – Budhi N Pangaribuan. The EGMS also appoints the President Commissioner – Gigih Prakoso and Commissioner – Narendra Widjajanto. Both of them are representative from PT Pertamina (Persero).”

Elnusa would like to thank to previous BoC and BoD for dedication and contribution during their time to the company.

After closing EGMS, the composition of Elnusa’s boards is as follows:

Director Commissioner
President Director : Tolingul Anwar President Commissioner: Gigih Prakoso (New)
Operation Director : Elizar Parlindungan Hasibuan Commissioner : Narendra Widjajanto (New)
Finance Director : Budi Rahardjo Commissioner : Yudo Irianto
Human Resources & General Affairs
Director : RM Happy Paringhadi
Independent Commissioner : Rinaldi Firmansyah
Independent Commissioner : Pradana Ramadhian G

Elnusa Signs USD80 Million Syndicated Loan Facility for 2018 Expansion

Jakarta, 23 February 2018 – PT Elnusa Tbk (Elnusa), a leading energy services company, is buoyant that 2018 performance will be fitter. This optimism is supported by positive gains from the current macro condition of oil and gas industry along with oil price hike.

Finance Director of Elnusa, Budi Rahardjo stated, “The condition of the oil and gas industry in the last three years has brought a know-how experience for Elnusa as an energy services company. Lowest point of oil price and the transition period of several major oil and gas blocks were some of a big test we had been through. Following its astonishing performance by the end of 2017, Elnusa is now ready to step higher. “

To be more establish, Elnusa presents total solution services to deliver a better, faster and more competitive services. We are aware that a full set of competences and equipments are needed to serve the customer’s needs. Hence Elnusa is committed to provide resources, both from internal cash and external loans, that will support Elnusa and subsidiaries’ capital expenditures and working capital of prospective projects in the near future.

Therefore, Elnusa has signed a long-term loan facility from Syndicated Creditors amounting to USD80 million or approximately Rp1.1 trillion (exchange rate Rp13,650 / USD) on Wednesday (22/2), located at Graha Elnusa-Jakarta . The Syndicated lenders consist of Sumitomo Mitsui Banking Corporation Singapore Branch / Bank Sumitomo Mitsui Indonesia, Bank of Tokyo-Mitsubishi UFJ (MUFG), ICBC Indonesia and UOB Indonesia (UOB) as Mandated Lead Arranger and Bookrunner.

Budi explained, “The signing is a form of mutual synergy between each company. Elnusa is really grateful for the credit facility provided by Sumitomo Mitsui Banking Corporation Singapore Branch / Bank Sumitomo Mitsui Indonesia, Bank of Tokyo-Mitsubishi UFJ, Bank ICBC Indonesia and Bank UOB Indonesia. In particular, this synergy is expected to further build one and the other of oil and gas industry and banking, and generally enhancing national capacity in Indonesia. “

The USD80 million term loan facility are divided into Tranche A and B, and will be used by Elnusa as general purpose financing and to finance the prospective project of Elnusa subsidiaries for the next two years. “Our 2018 capital expenditure is projected to increase significantly compared to the previous year, considering we are going to use the latest technological equipment for seismic work, as well as increase the fleet of tank trucks, barges and others. In general, this funding facility will be used in strategic business development projects, both upstream, downstream, and oil and gas supporting. We do this to strengthen our total solution services and boost Elnusa’s growth in the future, “said Budi.

Total Solution Services is a suite of services offered by Elnusa in accordance with customer needs to solve operational problems comprehensively. This service is Elnusa’s answer to the dynamics of the oil and gas industry and customer challenges in delivering better, faster and more competitive services. ***

Restoring 2017 Performance, Elnusa Ready to Accelerate with Total Solution

Jakarta, 20 February 2018. PT Elnusa Tbk (Elnusa), a leading provider of energy services, closed the year of 2017 with an encouraging performance. Although, 2017 was still overshadowed by the decline of upstream oil and gas activities as the impact of unrecovered oil price and the transition process of several oil major blocks, but at the end of second semester 2017, Elnusa has been able to manage its performance by posting its 2017 revenue of Rp 4.9 trillion and net profit of Rp247 billion. This is considerably a significant jump where compared to the first half revenue position of Rp1,9 trillion and Rp14,4 billion net profit.

Finance Director of Elnusa, Budi Rahardjo, explained that, “Our strategic actions were finally yielded a positive result. The acceleration of operating performance and by diversifying our portfolio has resulted to significant growth in revenue by 37.5% y-o-y compared to 2016 and reaching 124% of the company’s initial target. This year’s revenue is also recorded as the all time high revenue ever.”

Improved performance in upstream oil and gas services is conducted through the acceleration of onshore seismic survey, marine seismic, oilfield services and development of non-service based Engineering, Procurement, Construction – Operation & Maintenance (EPC-OM) with long-term contracts. Furthermore, other business strategy is diversification by pushing our oil and gas downstream segment portfolio. This Downstream segment has produced a very satisfactory results with 50% contribution to the total consolidated revenue obtained by Elnusa in 2017.

“For downstream oil and gas services, the increase in performance is caused by the rise in volume throughput which occurs in almost all of its business units, like fuel transportation, depot management and marine industry fuel trade business. Oil price and Government’s one price policy program (BBM Satu Harga) has helped to boost market activity. This is the opportunity that we capture and expedite to significantly upholds the Company performance, “said Budi

Various strategies to improve the 2017 performance have driven Elnusa to generate a net profit of Rp247 billion, although lower by 20.5% compared to the previous year, but it consider good amid current industry dynamics.

Budi explained that, “Reflecting to the achievement of 2017, we are optimistic that next year Elnusa’s performance will be better. With the reasons of Long-term contracts that we have obtained in non-asset business, bigger opportunities in downstream oil and gas industry, and also the total solution formula which provide the better, faster and cheaper services to clients.”

Elnusa Total Solution Services is a series of services offered by Elnusa to solve client problems comprehensively. In contrast to the current services provided which commonly being done partially, thus requiring a longer time and higher pricing. Elnusa Total Solution Services is our answer to the dynamics of the oil and gas industry and the client’s challenge in delivering better, faster and more competitive services.

“Elnusa has integrated services from upstream to downstream oil and gas, and supported by various supporting services. With more than 45 years of competence and experience, we are confident to deliver total solutions for our clients. Our spirit is embodied in our new vision of Reputable Energy Services Company by Providing Total Solution. We believe if the client is successful, we will be successful, “close Budi. ***

Elnusa Has Accomplished the Largest 3D Marine Seismic Project in Indonesia

Jakarta, 4 Desember 2017 – PT Elnusa Tbk (Elnusa), is one of the national leading energy services company, has completed the project of 3D Marine Seismic with client Talisman Andaman BV, in Andaman Sea, Aceh by the end of November 2017. This marine seismic project covered more than 3000 km2 and acknowledged as the largest 3D marine seismic activity in Indonesia. The survey was carried through ‘ELSA Regent’ the biggest Indonesian flag seismic vessel owned by Elnusa completed with 10×10 km long streamers and were handled by crew made up of the best Indonesian professionals. Survey was conducted with Continuous Line Acquisition dan Marine Seismic Broadband technology.

Business Development Director of Elnusa Budhi N Pangaribuan stated that, “We have completed this 3D Marine Seismic project succesfully on time and delivered high quality seismic data recognized by our client. It has proven that Elnusa as a national energy services company are able to provide an excellent services to the industry.

“Further, with its qualities, ELSA Regent can also be utilized by all Oil and Gas Coorperation Contract (Kontraktor Kontrak Kerja Sama/ KKKS) for their oil & gas exploration or other activities throughout Indonesia and regional”, Budhi said. This seismic survey was supported by synergy between Elnusa Group and another subsidiary of PT Pertamina (Persero).

The completion of this 3D marine seismic survey was also lift Company’s optimism to the end of the year. Another 3D land seismic in West Papua is also in the stage of finalization. The success of these projects are our main catalyst and contributor of Elnusa’s upstream segment revenue.

This year, Elnusa also expand the growth of another business lines through non-asset based engineering, procurement, construction, operation & maintenance (EPC-OM) services and downstream segment over logistic and fuel transportation business. “the aforementioned has increased our confidence level to post the end of 2017 with an improved and encouraging result”, said Budhi.***