March 02, 2015 10:45 AM ET

Oil, Gas and Consumable Fuels

Company Overview of PT Pertamina (Persero)

Company Overview

PT Pertamina (Persero), together with its subsidiaries, is engaged in oil, gas, renewable, and new energy businesses in Indonesia and internationally. The company operates through Upstream and Downstream segments. It is involved in the exploration, development, production and supply of crude oil, natural gas and geothermal energy. As of December 31, 2013, its total net proved oil and gas reserves were an estimated 3,547.2 million barrels of oil equivalent (mmboe) and its total net proved plus probable oil and gas reserves were an estimated 4,643.9 mmboe. The company is also engaged in the refining, marketing, distribution, and trading of crude oil, natural gas, refined fuel products, and pet...

Jl. Medan Merdeka Timur No. 1A

Jakarta,  10110

Indonesia

Founded in 1957

24,781 Employees

Key Executives for PT Pertamina (Persero)

Director of Finance and Director
Age: 55
Chief Audit Executive
Age: 49
Corporate Secretary
Age: 52
Chief Legal Counsel
Age: 55
Vice President of Corporate Communication
Compensation as of Fiscal Year 2014.

PT Pertamina (Persero) Key Developments

Pertamina Mulls Acquisitions

PT Pertamina (Persero) intends to pursue acquisitions. Pertamina plans to spend $61 billion over the next five years, 83% of which will be on upstream development including mergers and acquisitions.

Wartsila Signs Agreement to Develop bio-LNG Plant in Indonesia

Wartsila and two Indonesian partners have signed a development agreement to create a bio-LNG plant in Indonesia. The co-signers of the agreement with Wartsila are PT Pertamina, or Persero, and PT Godang Tua Jaya, or GTJ, a waste utilization sector specialist company. Wartsila Oil & Gas Systems will conduct a feasibility study for the project to develop a mini bio-LNG plant with a capacity of 0.75 tons/hour, which corresponds to approximately 4 MWh in electrical production. The plant will process municipal solid waste into eco-friendly biogas for use as a renewable energy source for typical vehicle fuel. In addition to the feasibility study, Wartsila Oil & Gas Systems will provide technological support and an economic assessment. This study represents a Front End Engineering Design (FEED) equivalent. If the project is deemed to be feasible then the parties are expected to enter into an Execution Agreement.

PT Pertamina Is Reportedly In Talks To Acquire Eagle Ford Shale Producer

PT Pertamina (Persero) is reportedly in talks to buy a stake in a company that produces shale gas from the prolific Eagle Ford basin in the United States.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 30, 2014
Malaysian Oil and Gas Assets
 

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