Elnusa Announces Strategic Investment To Strengthen National Energy Resilience

PT Elnusa Tbk (Elnusa, IDX: ELSA), a subsidiary of PT Pertamina Hulu Energi (PHE) within Pertamina's Upstream Subholding, has announced a strategic investment plan aimed at boosting its business capacity and supporting national energy security. This initiative reflects the company's commitment to enhancing business growth, ensuring operational sustainability, and making a greater contribution to Indonesia's energy sector. Jayanty Oktavia Maulina, Elnusa's Corporate Communication Manager, stated that the company will invest in three key business segments. "Elnusa will allocate funds to strengthen our main business areas: upstream oil and gas services, energy distribution and logistics, and support services," Jayanty mentioned in a statement on Tuesday (March 4, 2025).

In the upstream oil and gas services sector, the investment will focus on enhancing the capacity of equipment used for exploration, management, and maintenance of oil and gas wells. The upgrades will include Drilling Workover & Well Intervention tools, Coiled Tubing Units (CTU), Wireline Units, 350HP Workover Rigs, Logging Tools, Well Testing Units, and Cementing Units.

For energy distribution and logistics, Elnusa plans to strengthen its energy supply chain by expanding its fleet of tank trucks and developing LPG Terminal facilities (TLPG). "This move aims to ensure smooth energy distribution across various regions, which we believe will enhance the company's profitability," Jayanty added. Additionally, in the support services sector, Elnusa intends to increase capacity at its subsidiary's general warehousing facilities, invest in barges and docking accommodations, work barges, and the fabrication of oil and gas support equipment. The company is also exploring opportunities in new renewable energy as part of the energy transition ecosystem.

This investment aims not only to strengthen assets and infrastructure but also to support maintenance programs that ensure optimal operational capacity. Elnusa follows a careful and targeted investment approach, aligned with strict corporate governance and risk management practices. In addition to enhancing the company's competitiveness, this investment is expected to provide long-term benefits for business growth and support national energy resilience. Jayanty also noted, "This investment aligns with President Prabowo Subianto's vision in the energy sector, highlighting the importance of national energy independence and resilience."

Tag: Elnusa National Energy Pertamina Hulu Energi