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14 August 2023

Collaborative Steps Elnusa Signs MoU with PT Badak NGL (Badak LNG)

Jakarta, 14 August 2023 - PT Elnusa Tbk (Elnusa), a leading energy services company incorporated in Pertamina's Upstream Subholding, has entered into an official partnership with PT Badak NGL (Badak LNG). This collaborative step was marked by the signing of a Memorandum of Understanding (MoU) on Saturday 5 August 2023.

The event was witnessed directly by the Main Director of PT Pertamina Hulu Energi (PHE), Wiko Migantoro, who is also the parent company of Elnusa and Badak LNG. The signing was carried out by the Main Director of Elnusa John Hisar Simamora together with the Main Director of Badak LNG Gema Iriandus Pahalawan.

In accordance with Elnusa's vision, "Reputable Energy Services Company by Providing Total Solutions", of course this synergy collaboration is an opportunity to continue to improve the Company's business performance to provide total solutions. Elnusa and Badak LNG are optimistic that this synergy will benefit both parties.

President Director of Elnusa John Hisar Simamora on the occasion said "Hopefully in the future our collaboration can become real and bring luck or benefits to the SHU group in general and especially to Elnusa and Badak LNG," said John.

On the same occasion the Main Director of Badak LNG Gema Iriandus Pahalawan said “We have the spirit that this MoU must be realized into a real work that is both profitable. We are sure that we will continue to move forward with Elnusa, especially since we are in the same house as Elnusa, namely in Pertamina's Upstream Sub Holding. Gema said.

This MoU is the first step of cooperation between Elnusa and Badak LNG in various aspects including the provision of services for various operational activities, including operation & maintenance, engineering procurement construction, commissioning, studies in the gas & LNG sector, training, and consulting.

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