Brief history and profile of Pertamina, Indonesia's national oil and gas company run by government

PT Pertamina (Persero) have currently enjoyed its biggest success as the largest oil and gas company, not only in Indonesia, but also in Asia. The company is currently run by government after the validation of UU No.22/2001. The company's inaugural CEO was Ibnu Sutowo, who held the longest period as a CEO from the company's establishment in 1957 until his resignation in 1976. The company's current CEO since 2018 is Nicke Widyawati, who became the 2nd woman to hold this position, the other being Karen Agustiawan (2009-2014 period).

Pertamina's current logo since 2007.

- Pertamina CEO timeline

Ibnu Sutowo was Pertamina's founder and first CEO.

Karen Agustiawan was the first woman to become the CEO of PT Pertamina (Persero). Karen held her position as CEO from 2009 until 2014.

Nicke Widyawati is the 2nd woman who currently holds her position as the CEO of PT Pertamina (Persero) since August 2018.

1. Ibnu Sutowo (1957-1976)

2. Piet Haryono (1976-1980)

3. Joedo Sumbono (1981-1983)

4. A.R. Ramli (1984-1988)

5. Faisal Abda'oe (1989-1998)

6. Soegijanto (interim holder, 1998)

7. Martiono Hardianto (1998-1999)

8. Baihaki Hakim (2000-2003)

9. Ariffi Nawawi (interim holder, 2003-2004)

10. Widya Purnama (2004-2006)

11. Arie H. Soemarno (2006-2008)

12. Karen Agustiawan (2009-2014)

13. Dwi Soetjipto (2015-2017)

14. Elia Manik (interim holder, 2017-2018)

15. Nicke Widyawati (2018-present)

- Company's profile

Pertamina was founded on December 10, 1957. The company was then seperated into two units: Permina and Pertamin, before it became merged in 1968 as PN Pertamina, in order by President Soeharto.

In early 1970s, Pertamina was involved in a developement of Malaysian oil and gas company Petronas.

Since 2003, Pertamina currently operated by government, following the validation of UU. No.22/2001, replacing the previous UU. No.8/1971.

- Divisions and subsidiaries

These are 27 subsidiaries of Pertamina based on Pertamina Annual Report 2016.[37]

Pertamina EP

PT Pertamina EP (PEP) is engaged in managing the upstream oil and gas production through a more manageable exploration and exploitation activities. Adding to that, PEP has been undertaking other supporting businesses, which have been intended to back up the main business directly or indirectly.

Presently, Pertamina EP production level for oil is around 127.6 million barrels (20.3 million cubic metres) per day and around 1,054 million cubic feet (29.8 million cubic metres) per day at standard conditions for gas.

Pertamina EP Working Areas of 140.000 km2 were once largely PT Pertamina (Persero)’s Oil and Gas Mining Authority Zone. The working areas are managed through own operation and partnership co-operation.

Pertamina EP Working Areas consist of five assets. The operation of those assets comprise 19 Field Areas, namely Rantau, Pangkalan Susu, Lirik, Jambi and Ramba in Asset 1, Prabumulih, Adera, Limau and Pendopo in Asset 2, Tambun, Subang and Jatibarang in Asset 3, Cepu in Asset 4 as well as Sangatta, Sangasanga, Bunyu, Tarakan, Tanjung and Papua in Asset 5.

Beside the management of working areas as stated earlier, other business patterns include management through projects, such as Pondok Makmur Development Project in West Java, Paku Gajah Development Project in South Sumatera, Jawa Gas Development Project in Central Java, and Matindok Gas Development Project in Central Sulawesi.

Pertamina Gas

Pertamina established PT Pertagas on 23 February 2007, and it became PT Pertamina Gas in 2008. The company undertakes gas transportation, trading and processing. In the gas transmission business, Pertamina owns a gas pipeline network with a total volume of 34,000 km-inches in Northern Sumatra, Central Sumatra, Southern Sumatra, Western Java, Eastern Java, and East Kalimantan

In January 2009, PT Pertamina Gas obtained a Transportation Permit and in February 2009, it received an exclusive right from BPH Migas for gas transportation along 43 transmission routes. These permit and exclusive rights complemented the business permit that had been issued previously (in September 2008). By obtaining a business license and special rights, PT Pertamina Gas now has a regulatory basis to play the principal role in the gas business in Indonesia.

Pertamina Geothermal Energy

PGE was founded on 12 December 2006. This Pertamina subsidiary carries out geothermal exploration and exploitation in 15 working areas (WKP) in Indonesia, namely: Sibayak-Sinabung, Sibual-buali–Sarulla, Sungai Penuh-Sumurup, Tambang Sawah-Hululais, Lumut Balai, Waypanas-Ulubelu, Cibereum-Parabakti, Pengalengan (Patuha-Wayang Windu), Kamojang-Darajat, Karaha-Telagabodas, Dieng, Iyang-Argopuro, Tabanan-Bali, Lahendong-Tompaso and Kotamobagu.

Pertamina EP Cepu

PEP Cepu, which was established on 14 September 2005, is a subsidiary of PT Pertamina (Persero) that focuses on the upstream oil and gas business. In the Cepu Block, Pertamina has a 45% interest in partnership with Mobil Cepu Ltd (as the operator) and the Regional Owned Enterprise (BUMD) that manages the KKS for the Cepu Block.

Pertamina Drilling Services Indonesia

PT PDSI was established on 13 June 2008 as a drilling service management business entity. The services provided comprise drilling, workover activities, and drilling services that use a Daily Rate and Integrated Drilling Management (MPT) system for oil, gas, and geothermal wells.

Presently, PT PDSI owns 34 drilling rigs (28 owned by PT PDSI and 6 transferred from PT Usayana)

Pertamina Hulu Energy

PHE is one of the Upstream Directorate subsidiaries working in the oil and gas upstream business, and is also an upstream business vehicle for managing the domestic and overseas co-operation portfolio in the form of: Production Sharing Contracts (PSC), Joint Operating Body-Production Sharing Contracts (JOB-PSC), Indonesian Participating / Pertamina Participating Interests (IP/PPI) and Badan Operasi Bersama (BOB). PHE’s overseas working areas covered: Western Desert Block 3,Iraq; Block 10&11.1, Offshore South Vietnam; Block SK-305, Offshore Sarawak, Malaysia; Sabratah 17-3 Block, Offshore Libya; Sirte 123-3 Block, Libya; Block 13, Red Sea, Offshore Sudan; Block-3, Offshore Qatar; and Basker Manta Gummy Block, Australia.

Pertamina Internasional EP

Pertamina Internasional Eksplorasi dan Produksi (PIEP) is established on 18 November 2013, based on the need for an international asset management that is focused on overseas assets of PT Pertamina (Persero).

Pertamina EP Cepu ADK

PT Pertamina EP Cepu ADK hereinafter referred to as PEPC ADK was established on 15 August 2013 in order to manage Fields of Alas Dara and Kemuning (ADK). Following the prevailing rules and legislation in the Ministry of Energy and Mineral Resources, the PSC between SKKMigas and PEPC ADK was signed on 26 February 2014. PEPC ADK is the operator of Alas Dara and Kemuning, located in Blora, Central Java, which was previously operated by Mobil Cepu Ltd. (MCL). In line with the commitment to the Government, PEPC ADK shall conduct Well Re-entry, Perform G&G Study, GGR Study, and exploration drilling. Since established, the PEPC ADK has never changed its name.

ConocoPhillips Algeria Ltd

ConocoPhillips Algeria Ltd. owns three onshore oil fields. The company is based in Algeria. As of 27 November 2013, ConocoPhillips Algeria Ltd. operates as a subsidiary of PT Pertamina (Persero).

Perusahaan Gas Negara

Pertamina Power Indonesia

Pertamina Patra Niaga

Pertamina Trans Kontinental

Pertamina Retail

Pertamina Lubricants

Pertamina Lubricants comprised of Fastron (car lubricant), Mesran (car, bus and truck lubricant) and Enduro (motorcycle lubricant)

Pertamina Internasional Shipping

Pertamina Training & Consulting

Patra Jasa

Tugu Pratama Indonesia

Pertamina Bina Medika

Pelita Air Service

Pertamina Dana Ventura

Elnusa, Tbk.

Pertamina Internasional Timor S.A.

Pertamina Hulu Indonesia

Pertamina East Natuna

Pertamina Energy Trading Limited

Pertamina E&P Libya

- Products

There are various PERTAMINA products consisting of fuel (BBM), non-fuel, gas, petrochemical products, and lubricants.

A. Fuel (BBM)

- Fuel Products:

1. Kerosene

2. HSD (High Speed Diesel)

3. MDF (Marine Diesel Fuel)

4. MFO (Marine Fuel Oil)

5. Motor Gasoline (Such As : Premium 88 and Solar)

- Special Fuel

Special Fuel products:

a. Petrol and turbine fuels

1. Aviation Gasoline

2. Aviation Turbine Fuel

3. Pertalite (RON 90)

4. Pertamax (RON 92)

5. Pertamax Turbo (RON 98)*

6. Pertamax Racing (RON 100)

b. Diesel fuels

1. Solar/Bio Solar (CN 48, Sulfur 3.500 ppm)

2. Dexlite (CN 51, Sulfur 1.200 ppm)

3. Pertamina Dex (CN 53, Sulfur 300 ppm)

*Pertamax Turbo replaced the previous Pertamax Plus (RON 95) petrol fuel variant since 2017.

- Non-Fuel (Non-BBM)

Non Fuel Products:

1. Asphalt

2. Calcined Coke

3. Green Coke

4. Heavy Aromate

5. Paraffin Wax

6. Solvent

7. Lube Base Oil

8. Slack Wax

-Lube Base Oil

Pertamina’s Lube Base Oil Products based on their function:

1. Automotive Gear Oil

2. Circulating Oils

3. Heavy Duty Diesel Engine Oils

4. Industrial and Marine Engine Oils

5. Industrial and Hydraulic Oils

6. Passenger Car Oils

7. Powershift Transmissions and Heavy Equipment Hydraulic Oils

8. Refrigerating Oils

9. Two Stroke Gasoline Engine Oils

B. Gas

Gas products include:

1. LPG (Liquefied Petroleum Gas)

2. Gas Fuel (BBG)

3. Musicool (Substitute refrigerant for CFC, with low pollution and environmentally friendly)

C. Petrochemical

Petrochemical products include:

1. Benzene

2. Paraxyline

3. Polypropylene

4. Pure Teraphithalic Acid (PTA)

5. Sulfur

For more info about PT Pertamina (Persero) including products, visit Pertamina.com and follow on Twitter and Instagram