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EP COMPANY PROFILE
The transformation program was designed to resolve technical problems and simultaneously answer the socially situational pressures. The year was decorated with various records of success. Thus. non-fundamental factors such as geopolitics and market speculation conspired in soaring global oil price trend. ‘PEP WORLD CLASS’. messagefrommanagement When PT Pertamina EP began its transformation journey in 2006. PEP commits to constantly increase its exploration and production undertakings through proper implementation of Good Corporate Governance to achieve the desired-end-state. Indonesia’s economic situation was remarkably motivating. With endless waves of passionate enthusiasm. It was within such situation that Pertamina EP sets its transformation pace in motion. At early 2006. All the while. oil and gas industry has continued to appear very prospeting and optimistic in nature.foreword PT PERTAMINA EP or PEP is one of the most prominent oil and gas producers in Indonesia. With average production growth of 6-7 percent in the past three years. yet also painted with numerous challenges that made us more experienced in managing the company. we have high optimism to continue growing and answering both government and people’s challenges to escalate our national oil and gas production. Tri Siwindono (President Director) PEP COMPANY PROFILE EP 02 . the country still experienced a carry-over economic burden from the previous year due to oil price increase. will strive to put its best efforts in undertaking the nation’s duty to fulfilling the needs of Indonesia’s community at large. which in turn resulted in higher prices.
PT PERTAMINA EP (PEP) has split its visionary aspirations into a three-year strategic planning period. mission While reaching the set objective. PEP consistently strives to run the oil and gas business efficiently. each of which is aiming to become: ”Respectable Cost Cost-Effective and Efficient Oil & Gas Producer” (for 2006-2008). and within a safe and healthy environment. mutual respect. have been perceived as fundamental as well as strong groundwork of a continuous relationship with the stakeholders. integrity. excellence. PEP COMPANY PROFILE EP 04 . good corporate governance. effectively.vision In becoming the foremost oil and gas producer. peerless shareholder value and proper HSE. that we call core corporate values. empowerment. optimization. personal quality. ”Number 1 Oil & Gas Producer in Indonesia” (2009-2011) and ”PEP World Class” (2012-2014). thus increasing value for the stakeholders. It has been PEP commitment to constantly foster standard ethical behavior and to implement professional business ethics throughout internal and external interactions. The values consist of focus. visionary. Such behavioral sandards. corevalues Highly respecting the corporate ethical values throughout our behavior.
the voyage of Pertamina EP is interrelated with its mother company. As oil and gas environment continues to shift. It started with the establishment of PERMINA in 1957. PT Pertamina (Persero). 20 August Business wise. Then on 17 September 2005 PT Pertamina (Persero) signed a Production Sharing Contract (PSC) with BPMIGAS.17 September ourmilestone 13 September 17 September Government issued Oil and Gas Law No. PT Pertamina (Persero) has undergone several changes in name and status. It was on such ground that Pertamina EP was established on 13 September 2005. 2005 The Signing of Coorperation Contract that established PERTAMINA EP working areas 2005 1968 PERMINA merged with PERTAMIN into PERTAMINA. majority of those areas became Pertamina EP’s working areas. which \turned into PERTAMINA after merging with PERTAMIN in 1968. 2003 The establishment of Pertamina EP. 10 december 1957 Establishment of PT Perusahan Minyak Nasional (PERMINA). 22 Year 2001 which altered the status of PERTAMINA into a State-Owned Enterprise. exploitation and production of oil and gas become more managable. 2001 year of The signing of Coorperation Contract between PT PERTAMINA (Persero) and BP MIGAS on all Oil and Gas Mining Authority Zone. 22 Year 2001. which renamed PT Pertamina (Persero). including those previously managed by PT Pertamina (Persero) through Technical Assistance Contract (TAC) and Joint Operating Body Enhanced Oil Recovery (JOB EOR). governing all oil and gas mining areas accordingly. with separate Directorates for the upstream and downstream businesses. the government responded by issuing Oil and Gas Law No. the government issued Law No. In harmony with global and national oil and gas industry dynamics. Eventually. 8 that positioned PERTAMINA as state-owned oil and gas company. The law also urged PT Pertamina (Persero) PEP COMPANY PROFILE EP 06 . In 1971. to establish separate business subsidiaries so that the business of exploration.
which have been intended to back up the main business directly or indirectly. Supported with the above capacity of oil production. PEP COMPANY PROFILE EP 08 . to work hard and be productive. Meanwhile. PEP has been undertaking other supporting businesses. PEP has strived to constantly increase the oil and gas production capacity. to which its daily capacity of production indicate 120 thousand of barrels oil per day (BOPD) and 1. as part of PEP’s contribution to add to Indonesia’s competitive advantages within the industry.businessfocus PEP strives to transcend maximum efforts and synergy throughout all levels of the organizationin order to achieve excellent outcomeat the end of the day. PEP has been dedicating to undergo its core business with strong commitment. Soon after its establishment on 13 September 2005.000 million standard cubic feet per day (MMSCFD) of gas. Adding to that. Consequently. have motivated PEP in elevating Indonesia’s position as a net oil importer. corebusiness PT Pertamina EP (PEP) is an operating subsidiary business unit that focuses on managing the upstream oil and gas production through a more manageable exploration and exploitation activities. PEP’s gas production is fully produced to support domestic industry needs. PEP feels confident to reach the raw oil production targeted by the government for export.
V.119 76. ExxonMobil Oil Indonesia Chevron Indonesia Company CNOOC (SE) B. Total PetroChina Int.99 747. all stretched from Sabang to Merauke as marked on the following operation map: EP COMPANY PROFILE . CNOOC (SES) B.32 1070.673 41.The following illustrates PEP’s production of oil and gas: 1200 1030 1000 1100 1120 870 1007 800 900 980 785 600 400 200 legend: oil gas 0 year 2005 year 2006 year 2007 year 2008 The following illustrates PEP’s top 10 oil and gas producer: This page is intentionally left blank 490.941 23.61 150.863 28.99 170. Pertamina Total ConocoPhillips Ltd.91 83. Ltd.441 45. Premier Oil Medco E & P Indonesia 500 1000 1500 2000 2500 3000 Top 10 Oil Producer Top 10 Gas Producer In accordance with the Technical Assistance Contract (TAC) and Joint Operating Body Enhanced Oil Recovery (JOB EOR). Ltd.88 494.854 48.V. PEP’s working areas.24 285. Ind. respectively. Ind.879 118. Medco E & P Indonesia Chevron Indonesia Company BOB Bumi Siak Pusako Pertamina Hulu BP Indonesia 100 200 300 400 500 2554.898 38.91 123.627 0 Chevron Pacific Indonesia Pertamina + JOB + TAC ConocoPhillips Ltd.77 1031.06 287.53 0 Vico PetroChina Int.
500 BOPD.000 BOPD. Sukowati field is 19. In total. all the four main fields contribute 49. Sukowati and Poleng. Limau field is 8. PEP owns four main backbone fields for their high production capacity. any impacts resulted from those fields will eventually affect the whole PEP production.000 BOPD. total production of Tambun field is 14. and Poleng field is 8.000 BOPD.NORTHERN SUMATRA BLOCK UDANG BLOCK TARAKAN BUNYU BLOCK SANGATTA BLOCK SANGA SANGA BLOCK LIRIK BLOCK JAMBI CENTRAL SUMATRA BLOCK MATINDOK BLOCK TIMOFORO BLOCK SORONG BLOCK TANJUNG SOUTHERN SUMATRA BLOCK KAMUNDAN & WIRIAGAR WESTERN JAVA EASTERN JAVA SUMATRA 01 02 03 04 05 06 07 08 Perlak NAD Area West Sakakemang East Sakakemang Kluang Siarak Area Suban Southern Sumatera Area Udang 01 02 03 04 05 06 07 08 09 EASTERN INDONESIA Sanga-sanga Sangatta Bunyu Matindok Sele Klamono Timoforo Area Wiriagar Kemundan 01 02 03 04 05 06 Lirik Jambi Limau 01 02 03 04 X-Ray JAVA Lapisan L. Capacity wise. The four working fields are Tambun.000 BOPD. Limau. As a consequence.500 BOPD or 40 percent of the targeted 125. UBEP Benakat Tanjung Sangasanga & Tarakan EP COMPANY PEP COMPANY PROFILE 10PROFILE . Parigi Jabati Area Western Java At this stage.
Meanwhile. The reactivation initiatives seem potentially promising to adapt while adjusting with the fluctuative increase of the oil price. and other daily operationalrelated initiatives. all 3D seismic programs have located ± 2. considered as the backbone of all PEP production activities. Focusing on extracting and filtering of condensate gas transmission pipes.000 barrel oil equivalent per day (MBOEPD). Today. One of those is 7 Focus Point. application.171 MMBOE.marketposition PEP aims to be the number one oil and gas producer in Indonesia in 2011. intensifying Enhanced Oil Recovery (EOR). resource intensification. Next is to focus on optimalization of production by way of improving infrastructure and supporting facilities of the existing fields. while reactivation of old fields comes as the fourth focus. speeding up unitization. PEP holds the largest oil and gas reserve in Indonesia. PEP is the second biggest oil and gas producer in Indonesia.700 km2 areas. with its total oil and gas production has reached 400. accelerating resource verification. other strategic programs include: accelaration of KSO cooperation. also the third largest in Asia Pacific. aiming at enhancing production level of those fields. While on the reserve side. EP COMPANY PROFILE . by optimizing its largest oil and gas reserve. and Put on Production (POP) for exploration wells come as the fifth. Another strategic program includes acquisition of 3D seismic data that aims to obtain a more accurate 3D seismic data needed for the development of production field and EOR The third focus is to reactivate old wells on the production fields. totaling at 6. respectively. which has been strategically implemented since 2008. strategy Various strategic programs have been developed to support the company’s growth. sixth and seventh focus. Firstly is to focus on securing production of the main fields. PEP is the only one amongst five major Cooperation Contractors who is confident to attain 2008 oil and gas production target set by the government.
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corporatestrengths Production has reached 80% of the ultimate primary recovery level and the estimated oil reserves totaling at 5 billion barrels of oil (BBO). is a tool for planning. sustainable. These moralities are essential since PEP workers are fighters/warriors who persistently HR development of PEP emphasizes on increasing personal quality and empowerment by meeting the World Class People standards. This guidance is a tool for company leaders in developing and selecting officials to take up key positions. That’s the reason why human resource (HR) improvement has become a constant necessity. PEP COMPANY PROFILE EP COMPANY PROFILE 14 . Since it is based on meritocracy therefore all employees have equal opportunities for self-development. Therefore. Cadre development has begun since entry level and will be monitored on a constant basis. In addition. as well as cadre monitoring and evaluation. their capabilities are continuously enhanced to shape them into enthusiastic people who posses a lasting and competitive uniqueness. professional interpreneurship spirit and of high moral. namely Talent Management and Succession Planning. and comprehensive programs aimed at developing professionalism among our employees. Our journey to build world class employees began with some initial projects carried out during early relied upon as the country’s revenue generator. ourpeople Employees of Pertamina EP (PEP) are professionals who are selected through a strict and accurate process. transformation phase. Succession Planning. have been continuously implemented throughout our growth. preparing of employees’ career path and development. Talent Management is a founding guidance for potential employees or those with extra skills to be developed as the company’s key players. rigorous.
Prabumulih and Pendopo in Sumatera Region. Meanwhile. PEP also manages its working areas through projects. Bunyu and Papua in Eastern Indonesia Region. production is projected to increase to 684 MBOEPD in year 2014. namely gas development project of Pagar Dewa in Sumatera. Java and Eastern Indonesia Region. operations To manage its oil and gas working areas. These potentials will eventually turn Pertamina into the largest oil and gas producer in Indonesia. double from the 2007 production of 350 MBOEPD. Pertamina EP divides its working areas into three regions. while each region manages their own operation. EP COMPANY PROFILE . This also means that PEP owns 20 percent shares of national oil reserve and 10 percent of national gas reserve. Jambi. PEP total oil production has contibuted majorly to the national’s oil reserve. The head office manages the entire JOB EOR and TAC operations. Gundih in Central Java and Matindok in Sulawesi. Beside managing the previously mentioned working areas. Throughout its operations as a subsidiary of PT PERTAMINA (PERSERO). PEP is a Contractor of Cooperation Contract operating on the most widespread area in Indonesia.differentiation With 140.000 km2 of working area. Lirik. Sumatera. PEP conducts own operation and partnership cooperation in form of Joint Operating Body Enhanced Oil Recovey (JOB EOR) and Technical Assistance Contract (TAC). The operation of three regions is divided into 12 Field Areas namely Rantau. Subang. Jatibarang and Cepu in Java Region and Sangatta. Pangkalan Susu.
it aims to maximize the corporate values by aggressively applying the principles of transparency. while assuring that any financial related information is relevant and accurate. And lastly. Realizing the Corporate Social Responsibility program to the stakeholders and escalating a conducive national investment climate. integrity and adequacy throughout all corporate conducts. principle of Fairness understood as being fair and equal treatment in meeting the stakeholders’ rights as the stated by the prescribed rules and regulations. could cause conflicts and pressures. The third is developing a specific decision making system by all Business Units based on high ethical codes and strict compliance to the set regulations and business codes.corporatecommitment PEP is committed to striving for the best in all its business activities. particularly in energy and petrochemical areas are the fourth and fifth aim. goodcorporategovernance Proper implementation of Good Corporate Governance (GCG) aims to strengthen corporate image as well as performance. including HSE performance. Clarity in describing each business unit’s functions. while maximizing the shareholder’s values at the same time. independency. internally or externally. Firstly. in a way that also complies with healthy corporation principles. Within PEP. GCG implementation has five aims. PEP holds Good Corporate Governance principles such as Transparency. as well as healthy corporation principles. duties and responsibilities in order to manage the company more effectively is principle of Accountability that PEP holds strongly. Principle of Independency states that employees must avoid situations which independent corporate management practices comes as the second aim. Ensuring a professional and Throughout all conducts. to being the foremost national oil and gas producer of a world-class state of mind. that are not in accordance with prevailing rules and regulations. accountability. PEP COMPANY PROFILE EP COMPANY PROFILE 18 . We believe that proper good governance implementation is the foundation of our movement. Principle of Responsibility implies appropriateness of company’s management practices to prevailing rules. with the spirit of integrity and rightness. which is open and honest in all decision making process.
and evaluation and audit. so that the HSE initiative can be merged into the primary corporate culture through integrated HSE Management System that is integral and will synchronize all business operations.healthsafetyenvironment Moreover. and strengthening the corporate image throughout all aspects of HSE. PEP COMPANY PROFILE EP 20 . the system will bring about a more safe. The objective is to minimize incidents. Therefore. PEP commits to bring about respectable HSE practices in accordance to the applied regulations and HSE standards. as well as enhancing social growth of the surrounding community. Going world class. In due course. proper HSE implementation throughout all layers is a compulsory action However. operation and after operation management. At PERTAMINA EP (PEP). design. efficient and environmental concern operations. integration of the required technology with PEP’s operations. Other strategies include special HSE workshop for workers. partnership management. for PEP to reach ‘HSE Operating Excellence’. A set of HSE Management System emphasizes on 13 major elements has been made effective by PEP to affirm that it is the duty and responsibility of everyone in the company. PEP realizes that HSE implementation is inseparable from all business aspects. and improve the company’s image. The 13 elements include ideal leadership and integrity. preserving the green nature of the surrounding environment has also been our main endeavor in creating a healthy and clear atmosphere. inspection and maintenance. security management (materials and products). competency. proper implementation of HSE Management System throughout PEP and partners’ operations is one of the developed five strategies. HSE practices ensure that risks to both people and the environment are addressed. documentation. Health. More importantly. excellent. making HSE practices inseparable from the corporate culture. construction and commissioning. incident investigation. communication. PEP strives to sustainably improve its understanding of the HSE culture. training. management of change. Safety. awareness. actively anticipate the negative impact resulted. and Environment (HSE) initiatives have been undertaken to ensure adequate management performance and practices. crisis and emergency handling.
providing a secure. PEP believes that positive social perception is good for business. ensuring future business. and cultural perspectives through Corporate Social Responsibility (CSR) program. health. As a result. PEP COMPANY PROFILE EP 24 . a way of showing concern and earning trust. education and economy related issues. PEP knows that community development is a moral obligation. As part of the community. PEP also considers the CSR program as part of its business investment initiatives for growth. PEP feels obliged to share its economic. PT PERTAMINA EP (PEP) is committed to actively express its social responsibility and to create an environmental friendly operations. It is PEP commitment to empower the local community and protect the areas of its operations to develop a conducive community relationship and to take responsive action in handling after-mining impact. Besides. inspiring and dynamic atmosphere. Likewise. Hence. social. Realizing its responsibility to the community.corporatesocialresponsibility Intense interactions with the local people and regular community development initiatives have initially been PEP’s moral obligation ever since our early establishment. PEP realizes that the support and involvement of the local community play an important role throughout our business sustainability and hence our growth. the CSR activities are realized through a number of programs focusing on religious.
Dr.Head Office | Menara Standard Chartered 21st-29th Floor | Jl. 164 | | Jakarta Selatan 12950 | Indonesia | . Prof. Satrio No.
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