Business Portfolio
Energy Services
Indika Energy’s two core
businesses in the energy services sector are Tripatra and the newly
acquired Petrosea. Tripatra is Indonesia’s leading provider
of engineering, procurement and construction (EPC) services,
operations and maintenance (O&M), and logistics activities.
World-class customers with long-term contracts such as ExxonMobil,
BP, Chevron, Pertamina, ConocoPhillips, and Hess, among many
others, attest to Tripatra’s 37-year track record and
capabilities across the energy services sector.
Significant projects oil and gas included the completion of the Ujung Pangkah Field Development in East Java and its extension work for BUT HESS in 2009. This ran parallel to the Jambi Merang Field Development projects, a joint-venture between BUT HESS and JOB Pertamina in Jambi, Sumatra and the Flexible Joint Management Project for Chevron in Riau, Sumatera. Blanket Engineering Services for BP is expected to run through 2010.
In extending its logistics support and transportation services, Tripatra’s investment, PT Sea Bridge Shipping which provides coal transhipment and barging services began operations in January 2009, with an impressive 5.9 million tonnes handled by year end. In 2008, Tripatra increased its ownership in PT Kuala Pelabuhan Indonesia from 49.99% to 100% by direct acquisition of 95% and indirect acquisition of 5% through Tripatra (Singapore) Pte. Ltd. PT Kuala Pelabuhan Indonesia (KPI) operates Freeport Indonesia’s port and logistics facilities in Papua.
As a result, Tripatra completed 2009 with strong revenues totalling Rp. 1.2 trillion (US$ 130.4 million) and a Net Profit of Rp. 29.9 billion (US$ 3.2 million).
Petrosea, which was acquired by Indika Energy in 2009, is a multidisciplinary company with a track record in engineering, construction and contract mining with total “pit-to-port” capability in Indonesia since 1972.
Petrosea’s expertise in conducting feasibility studies, engineering and construction, and contract mining completed the energy value-chain for Indika Energy which had strengths in identification, acquisition and excavation of a mine, and the loading terminal operations and shipment to power plant and end-user.
In addition, Petrosea’s 50% interest in the Santan Batubara mine has reserves of 50.3 million tonnes and an annual production of 2.5 million tonnes, and it will serve as the venture’s EPC and mining contractor. Petrosea joined Indika Energy with a strong list of work at hand by end 2009 projects worth US$ 672.2 million, including the PT Adimitra Baratama Nusantara coal mining project worth US$ 183.2 million, PT Santan Batubara coal mining project valued at US$ 221.6 million, Gunungbayan Pratamacoal coal mining project worth US$ 243.8 million, POSB worth US$ 12.2 million, Tirta Kencana Cahaya Mandiri project worth US$ 7 million and the Orica Ammonia Nitrate project management support contract worth US$ 4.4 million. In the second half of 2009, after the acquisition of Petrosea, PT Adimitra Baratama Nusantara mining project valued at US$ 190.8 million was added to the list.
The Petrosea Offshore Supply Base (POSB) facilities for Total Indonesie, ENI Bukat, Chevron, Halliburton, MISwaco and ExxonMobil was worth US$ 56.9 million and slated for completion in 2010. The POSB fully-occupied facilities today includes an inner and outer quay, shore and crawler cranes, comprehensive storage (undercover and open totalling 93,500 square metres) for oil and diesel (4,000 and 3,000 cubic metres respectively), barite silos and cement silos, drill and fresh water, cargo and chemical drum areas, fullserviced offices with machine and workshop facilities.
Another indirect benefit to Indika Energy the acquisition of Petrosea brings is the reduction of the Group’s exposure to the business cyclicality. Like Tripatra, most of these companies’ revenues are contractual and linked to the Indonesian coal mining, and oil and gas sectors.
At the start of 2009, Indika Energy began to integrate all its Information, Communication and Technology (ICT) operations to synergise the benefits for the Group. The approach focused on securing corporate data, integrating business solutions, and leverage on existing investments to expand the support for the Company’s business processes and objectives. This resulted in all the ICT staff being integrated as a single unit to provide common service to all operations, as well as the data centres to improve economies of scale and enhanced security. The existing infrastructure was reviewed to build in capacities for future growth, including extending service levels to remote sites, increase operational transparency, reduce cycle times in delivering business solutions, widening the user base while enabling effective collaboration among different user groups, and increase efficiency in responding to solving problems. In aiming to become a world-class operator, Indika Energy’s ICT capability will include an enterprisewide end-to-end virtualisation environment which will allow for “cloud” computing within the corporation and deliver cost saving benefits.
The Enterprise Resource Planning System (ERP) was setup to enhance the integration of business and information management across the Group. The ERP consisted of several stages: beginning with financial control and standardised account charts across the Company to favour automated systems, to other areas such as procurement, fixed asset management, corporate planning and budget, human capital systems and treasury cash management. This will enhance Indika Energy’s administrative operations and improve the accuracy, reliability and timeliness of executive decision making process.
Significant projects oil and gas included the completion of the Ujung Pangkah Field Development in East Java and its extension work for BUT HESS in 2009. This ran parallel to the Jambi Merang Field Development projects, a joint-venture between BUT HESS and JOB Pertamina in Jambi, Sumatra and the Flexible Joint Management Project for Chevron in Riau, Sumatera. Blanket Engineering Services for BP is expected to run through 2010.
In extending its logistics support and transportation services, Tripatra’s investment, PT Sea Bridge Shipping which provides coal transhipment and barging services began operations in January 2009, with an impressive 5.9 million tonnes handled by year end. In 2008, Tripatra increased its ownership in PT Kuala Pelabuhan Indonesia from 49.99% to 100% by direct acquisition of 95% and indirect acquisition of 5% through Tripatra (Singapore) Pte. Ltd. PT Kuala Pelabuhan Indonesia (KPI) operates Freeport Indonesia’s port and logistics facilities in Papua.
As a result, Tripatra completed 2009 with strong revenues totalling Rp. 1.2 trillion (US$ 130.4 million) and a Net Profit of Rp. 29.9 billion (US$ 3.2 million).
Petrosea, which was acquired by Indika Energy in 2009, is a multidisciplinary company with a track record in engineering, construction and contract mining with total “pit-to-port” capability in Indonesia since 1972.
Petrosea’s expertise in conducting feasibility studies, engineering and construction, and contract mining completed the energy value-chain for Indika Energy which had strengths in identification, acquisition and excavation of a mine, and the loading terminal operations and shipment to power plant and end-user.
In addition, Petrosea’s 50% interest in the Santan Batubara mine has reserves of 50.3 million tonnes and an annual production of 2.5 million tonnes, and it will serve as the venture’s EPC and mining contractor. Petrosea joined Indika Energy with a strong list of work at hand by end 2009 projects worth US$ 672.2 million, including the PT Adimitra Baratama Nusantara coal mining project worth US$ 183.2 million, PT Santan Batubara coal mining project valued at US$ 221.6 million, Gunungbayan Pratamacoal coal mining project worth US$ 243.8 million, POSB worth US$ 12.2 million, Tirta Kencana Cahaya Mandiri project worth US$ 7 million and the Orica Ammonia Nitrate project management support contract worth US$ 4.4 million. In the second half of 2009, after the acquisition of Petrosea, PT Adimitra Baratama Nusantara mining project valued at US$ 190.8 million was added to the list.
The Petrosea Offshore Supply Base (POSB) facilities for Total Indonesie, ENI Bukat, Chevron, Halliburton, MISwaco and ExxonMobil was worth US$ 56.9 million and slated for completion in 2010. The POSB fully-occupied facilities today includes an inner and outer quay, shore and crawler cranes, comprehensive storage (undercover and open totalling 93,500 square metres) for oil and diesel (4,000 and 3,000 cubic metres respectively), barite silos and cement silos, drill and fresh water, cargo and chemical drum areas, fullserviced offices with machine and workshop facilities.
Another indirect benefit to Indika Energy the acquisition of Petrosea brings is the reduction of the Group’s exposure to the business cyclicality. Like Tripatra, most of these companies’ revenues are contractual and linked to the Indonesian coal mining, and oil and gas sectors.
At the start of 2009, Indika Energy began to integrate all its Information, Communication and Technology (ICT) operations to synergise the benefits for the Group. The approach focused on securing corporate data, integrating business solutions, and leverage on existing investments to expand the support for the Company’s business processes and objectives. This resulted in all the ICT staff being integrated as a single unit to provide common service to all operations, as well as the data centres to improve economies of scale and enhanced security. The existing infrastructure was reviewed to build in capacities for future growth, including extending service levels to remote sites, increase operational transparency, reduce cycle times in delivering business solutions, widening the user base while enabling effective collaboration among different user groups, and increase efficiency in responding to solving problems. In aiming to become a world-class operator, Indika Energy’s ICT capability will include an enterprisewide end-to-end virtualisation environment which will allow for “cloud” computing within the corporation and deliver cost saving benefits.
The Enterprise Resource Planning System (ERP) was setup to enhance the integration of business and information management across the Group. The ERP consisted of several stages: beginning with financial control and standardised account charts across the Company to favour automated systems, to other areas such as procurement, fixed asset management, corporate planning and budget, human capital systems and treasury cash management. This will enhance Indika Energy’s administrative operations and improve the accuracy, reliability and timeliness of executive decision making process.
