15 August 2022

Elnusa invited Creditors to Two work locations in East Kalimantan

Jakarta, 15 August 2022 – PT Elnusa Tbk (Elnusa) in its mission to fulfill and maintain customer satisfaction by providing Total Solutions through synergy, operational excellence, HSSE, and GCG principles invites creditors to visit two of Elnusa's operational areas (11/08 ). Project Hydraulic Workover Unit (HWU) and Project Elnusa Modular Rig (EMR) - PT Pertamina Hulu Sanga Sanga (PHSS) Balikpapan - East Kalimantan. The visit was led directly by VP Finance & Treasury Elnusa Yogi Firdaus, as well as creditor representatives from PT BTPN Tbk, PT Bank Rakyat Indonesia (Persero) Tbk, PT Bank Mandiri (Persero) Tbk, and PT Bank Negara Indonesia (Persero) Tbk with the implementation of strict covid-19 process.

Elnusa VP Finance & Treasury Yogi Firdaus said “Elnusa continues to strive to grow, one of which is through the use of capital expenditure (capex) from the company's internal funds and financing from several creditors who have credit agreements with Elnusa. The capex is used for various investments to support business growth and sustainability."

Yogi added, "In Elnusa's credit agreement with creditors, it is required to conduct a site visit to Elnusa's work location once a year which aims to see firsthand business activities and measure going concern and future business growth and establish good relations with creditors. This event has just been held again after 3 years we did not do it due to the Covid-19 pandemic."

On the same occasion, Elnusa's creditor representative, SVP Wholesale Banking at PT BTPN Tbk Elvin Suryawan Siregar said, "This site visit can be used as a space for us to open up insight and knowledge on the operational activities of the energy services business. We also understand the field conditions that occur, starting from the operational, technical, process and even from the security side in the oil and gas field.” said Elvin.

This activity is a proof that Elnusa as an energy service company has credibility and transparency in managing investment funds and utilizing financing facilities from banks, both non-cash loans and cash loans. This is also a form of carrying out obligations according to the agreement made by Elnusa to creditors so as to facilitate the process of cooperation with investment stakeholders for projects that will be carried out in the future.

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