Integrated Energy Services
Based on the most recent amendment to the Company’s Deed No. 55 dated May 15, 2013, drawn up before Aryanti Artisari, S.H., M.Kn., Notary in Jakarta, which had gained approval from the Minister of Law and Human Rights of the Republic of Indonesia through the Decision Letter No. AHU-34338.AH.01.02 dated June 25, 2013, there are several additions to the Company’s main business activities on Article 3 paragraphs (2) and (3) of the Articles of Association of the Company as follows:
1. In Services:
- Services related to alternative energy;
- Geophysics and geology data acquisition and processing;
- Energy-related consultation;
- Mining-related consultation;
- Underground & subsea gas pipeline examination services;
- Underground & subsea gas pipeline leakage detection Services.
- Power generation industry;
- Alternative energy industry;
- Maritime industry.
To achieve these aforementioned purposes and objectives, the Company also carries out supporting business activities in the ﬁelds of services, water and waste management, trade, mining, development and other forms of industry that can support the Company’s main business activities.
COMPANY CURRENT BUSINESS
Based on the Statement of Financial Accounting Standards (PSAK) 5 (2009 Revision) concerning "Operating Segments", the Company's business segments are grouped according to business activities namely, Upstream Oil and Gas Services, Energy Distribution & Logistics Services, and Oil and Gas Support Services, with the following information:
|Business Segment||Business Activity|
Upstream Oil and Gas Services
Provide geophysical/seismic data measurement services, oil and gas drilling services and oilﬁeld services.
Energy Distribution & Logistic Service
Provide storage, trading, distribution, and marketing services for oil and gas products in Indonesia.
Oil and Gas Support Services
Provide services for trading, OCGT (Open Cycle Gas Turbine) pipelines and fabrication, threading for oil and gas drilling, energy and mineral resource data and information management services (speciﬁcally oil and gas exploration and exploitation), oil and gas data management services , integrated information technology system development services, telecommunications services, network supply services, satellitetelecommunications, and VSAT (Very-Small-Aperture Terminal) communication systems.