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History

Our Journey

Highlights of our 35 years growth journey from a drilling company to become one of the leading oil and gas company in Indonesia.

Latest Update

2018 Friday, 28/12/2018 Received a 20-year of contract extension until 2042 for Tarakan Block, and until 2043 for Rimau Block; Commercial operation of the third unit of Sarulla Geothermal Power Plants
2017 Thursday, 30/11/2017 Completed 3:1 rights issue in December raising Rp2.64 trillion in proceeds; Acquired a controlling interest in Medco Power Indonesia with total shareholdership of 88%
2016 Thursday, 17/11/2016 Acquired an indirect ownership in a copper and gold mining company, Amman Mineral Nusa Tenggara; Acquired 40% Operatorship in the South Natuna Sea Block B
2015 Friday, 05/06/2015 Signed a gas supply agreement for Block A PSC gas with Pertamina with the agreed gas price of US$ 9.45/MMBTU; Received an additional 25 years of operation in Karim Small Fields, Oman
2014 Thursday, 20/11/2014 Acquired eight oil and gas working areas in Tunisia, through an acquisition of Storm Venture International (Barbados) Ltd.
2013 Wednesday, 31/07/2013 Secured project financing for Senoro for US$ 260 million; Completion asset swap with Salamander for Bangkanai with Simenggaris and Bengara.
2012 Friday, 28/12/2012 Acquired Malik Block 9, Yemen; Maiden shipment of 38,000 tons of coal; PROPER Gold for Rimau Block for two consecutive years
2011 Friday, 30/12/2011 Received commerciality approval for Area 47, Libya
2010 Thursday, 30/12/2010 Secured operatorship in Libya and made three discoveries; 20 years extension for South & Central Sumatra, Block A, Bawean Blocks, Indonesia
2009 Wednesday, 30/12/2009 Signed LNG Sales Agreement with buyers from Japan and Korea
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