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About Us

Petrosea is a multi-disciplinary contract mining, engineering, procurement & construction and oil & gas services company that is fully committed to prioritize the aspects of ESG as a continuation of the Company’s sustainability strategy.

With a track record of achievement for over 52 years, we offer a competitive advantage through our ability to provide complete pit-to-port mining solutions, integrated engineering, procurement and construction capabilities as well as logistic support, whilst demonstrating absolute commitment to safety, health & environment, quality management and business integrity. In 2019, Petrosea was selected by the World Economic Forum as the only mining company and the only Indonesian owned company to join the Global Lighthouse Network due to our success in implementing Industry 4.0 technologies.

Established in 1972, Petrosea is committed to adhering to sound principles of corporate governance and has adopted corporate governance practices that support the effective functioning of our Management and all elements as a public listed company.

By applying the principles of good corporate governance, we ensure that our company is accountable, independent and transparent for both our internal and external stakeholders.

Petrosea has been listed on the Indonesia Stock Exchange (IDX: PTRO) since 1990 and was the first publicly listed Indonesian engineering and construction company in Indonesia. Petrosea is controlled by PT Kreasi Jasa Persada which is wholly-owned by PT Petrindo Jaya Kreasi Tbk.

 

Our Resources

Through PT Cristian Eka Pratama (CEP), Petrosea owns coal reserves with identified resources of 164.1 million tons, mineable reserves amounting to 82 million tons and overburden removal volume of 549 million BCM with long term stripping ratio of approximately 6.7 times with an area of 4,776 hectares.

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Our Resources

Through PT Cristian Eka Pratama (CEP), Petrosea owns coal reserves with identified resources of 164.1 million tons, mineable reserves amounting to 82 million tons and overburden removal volume of 549 million BCM with long term stripping ratio of approximately 6.7 times with an area of 4,776 hectares.

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vision

To be a leading service provider in mining, oil & gas and infrastructure in South East Asia.

mission

To deliver innovative solutions for mining, oil & gas and infrastructure to the satisfaction of all clients and stakeholders.

Our Core Values

All of Petrosea's achievements are inseparable from our core values that are consistently applied within all elements of our organization.

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Supporting the Business

1972

1984

1990

2009

2012

2015

2016

2017

2018

2019

2020

2021

2022

2024

Company Milestones

1972

Incorporated in Jakarta, Indonesia as PT Petrosea International Indonesia.

Company Milestones

1984

Acquired by Clough Limited.

Company Milestones

1990

Listed on Jakarta and Surabaya Stock Echanges (now Indonesia Stock Exchange) as PTRO, with the company name changed to PT Petrosea Tbk.

Company Milestones

2009

The company was acquired by PT Indika Energy Tbk. and by the end of the year, PT Indika Energy Tbk. owned 98.55% shares of the company.

Company Milestones

2012

In February, to comply with Otoritas Jasa Keuangan (“OJK) regulations (previously “Bapepam-LK”) regarding a public company take over, PT Indika Energy Tbk. re-floated 28.75% of its shares to the public.

At the end of the year, PT Indika Energy Tbk. held 69.80% share ownership in the Company.

Company Milestones

2015

In August, the Company through one of its subsidiaries, PT POSB Infrastructure Indonesia acquired 51.25% shares of PT Mahaka Industri Perdana.

Company Milestones

2016

On March 10, 2016, the Company was officially inaugurated by the Indonesian Government as a Bonded Logistics Center (PLB) for the oil & gas sector, located in Tanjung Batu, Balikpapan, East Kalimantan.

Company Milestones

2017

On August 10, 2017, the Company inaugurated Petrosea Offshore Supply Base (POSB) Sorong to provide support and services for the oil & gas sector in the eastern Indonesian region.

Company Milestones

2018

  • The Company signed a Transfer of Rights to Shares Agreement of PT Kuala Pelabuhan Indonesia in the amount of 380.000 shares from PT Indika Logistic & Support Services.
  • The Company released the share ownership from PT Santan Batubara of 99,999 shares to PT Harum Energy Tbk and 1 share to PT Sentral Batubara Jawa.
  • The Company released its entire shares ownership in PT Kariangau Gapura Terminal Energi to PT Interport Mandiri Abadi.
Company Milestones

2019

Petrosea became the only mining company and the only Indonesian owned company to be selected by the World Economic Forum into the Global Lighthouse Network due to its success in applying Industry 4.0 technology to drive financial and operational performance at the Tabang project located in East Kalimantan.

Company Milestones

2020

  • Petrosea released all share ownership in PT POSB Reksabumi Indonesia and PT Pusat Sarana Baruna to PT Interport Mandiri Utama and PT Indika Multi Niaga.
  • Petrosea conducted a share buyback of up to US$2,000,000 or Rp 30,000,000,000 as referred to SEOJK No. 3/SEOJK.04/2020 dated March 9, 2020 regarding Other Conditions as Market Conditions that Fluctuate Significantly in the Implementation of Shares Buyback Issued by Issuers or Public Companies.
Company Milestones

2021

Through the EGMS approval on June 10, 2021, Petrosea added its business activities to the construction fields of construction, mining & quarrying services, processing industry, transportation and warehousing, information and communication, professional, scientific and technical activities, leasing and leasing without options, employment as well as education.

Company Milestones

2022

The company was acquired by PT Caraka Reksa Optima.

Company Milestones

2024

The company was acquired by PT Kreasi Jasa Persada.

Board of Commissioners

Osman Sitorus
President Commissioner and concurrently Independent Commissioner

Erwin Ciputra
Commissioner

Djauhar Maulidi S.E., M.B.A.
Commissioner

Prof. Ginandjar Kartasasmita
Commissioner

Jenderal Pol (Purn.) Drs. Sutanto
Commissioner

Setia Untung Arimuladi S.H., M.Hum.
Independent Commissioner

Board of Directors

Michael
President Director

Kartika Hendrawan
Director

Ruddy Santoso
Director

Meinar Kusumastuti
Director

Iman Darus Hikhman
Director

View Organization Structure View Ownership Structure

Our Subsidiaries

Certifications

Petrosea maintains industry certifications to ensure that all Company operations abide to the highest local and international standards.

SEE ALL CERTIFICATIONS

Awards

All our recognitions are a manifestation of Petrosea’s commitment in implementing operational excellence, continuous improvement and GCG as the backbone of the Company’s sustainability.

15th IICD Corporate Governance Award 2024
ESG Appreciation Night 2024
PROPERNAS for Environmental Management
PROPERDA for Environmental Management
SEE ALL AWARDS


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