Together with the Government, Pertamina Hulu Energi Strengthens National Energy Self-Sufficiency Steps
Jakarta – PT Pertamina Hulu Energi (PHE), part of the Upstream Subholding of PT Pertamina (Persero), is increasingly demonstrating its commitment to strengthening national energy resilience through strategic steps in the upstream oil and gas sector. Most recently, PHE has succeeded in securing financing of US$ 1.2 billion from four international banks through the bilateral Revolving Credit Facility (RCF) scheme, which will be used to support expansion and strengthen the company’s financial structure.
The four international banks consist of PT Bank Mizuho Indonesia, MUFG Bank, Ltd., The Hongkong and Shanghai Banking Corporation Ltd. (HSBC) Singapore Branch, and Bank of China (Hong Kong) Ltd. Jakarta Branch. PHE’s Finance and Investment Director, Dannif Utojo Danusaputro, explained that this facility is one of the important pillars in supporting the growth of the national oil and gas business.
“This funding facility will be used by PHE to strengthen its financial resilience and support future business expansion. We are ready to face the challenges of the upstream oil and gas industry and improve operational performance effectively and efficiently,” said Dannif in his official statement.
PHE continues to spur innovation and exploration to find new oil and gas resources domestically. One of the latest achievements is the discovery of oil and gas reserves in the Tedong (TDG)-001 well in Mamosalato District, North Morowali Regency, Central Sulawesi. PHE Exploration Director, Muharram Jaya Panguriseng, stated that this discovery has strategic potential to support the energy needs of the industrial area in Sulawesi for the next two decades.
“This discovery is in line with our increasingly aggressive exploration strategy in Eastern Indonesia, which still has great potential. In the future, we hope that this area can match Donggi as an important oil and gas production center for Indonesia,” said Muharram.
PHE’s steps also received full support from the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas). Deputy for Exploitation of SKK Migas, Taufan Marhaendrajana, emphasized that efforts to achieve energy self-sufficiency require cross-sector collaboration, including optimization of existing oil and gas assets.
One of the current priority programs is re-registration and optimization of old wells and oil and gas wells that have been managed by the community. This program is part of the implementation of the Minister of Energy and Mineral Resources Regulation Number 14 of 2025 concerning cooperation in managing work areas to increase national oil and gas production.
“Permen ESDM No. 14/2025 is an important breakthrough that will encourage an increase in oil and gas production nationally. We will immediately socialize it and invite all KKKS to prepare implementation steps, including technical instructions in the field,” explained Taufan.
This program is designed to involve various stakeholders, ranging from local governments, Regionally-Owned Enterprises (BUMD), cooperatives, to MSMEs. With a collaborative approach, not only is the target for increased production, but also a multiplier effect on local economic growth.
These steps show that efforts to achieve energy self-sufficiency are not only about pursuing production targets, but also building a national energy ecosystem that is inclusive, sustainable, and has a broad impact on society. PT Pertamina Hulu Energi, together with SKK Migas and partners, continues to spur the transformation of Indonesia’s upstream oil and gas sector towards long-term energy independence and resilience. (*)
