Petrosea Total Contract Value IDR 24.8 Trillion Throughout 2022

Photo: Doc. Antara

JAKARTA - PT Petrosea Tbk (PTRO) noted that throughout 2022 it managed to pocket a total contract value of approximately US$1.6 billion or equivalent to Rp24.8 trillion.

The majority shareholder of Petrosea Haji Romo Nitiyudo Wachjo said, with this contract value, Petrosea is optimistic that it can grow in 2023. In fact, in December 2022

Petrosea managed to record the highest market capitalization value, which was IDR 4.38 trillion.

"PT Petrosea Tbk (PTRO) closes 2022 with a solid performance and welcomes 2023 with optimism," he told the media, Wednesday, January 18.

He continued, his belief that Petrosea will continue to grow and record strong performance is in line with the Company's repositioning strategy to become a mine owner in the future.

Petrosea's President Director, Romi Novan Indrawan said, until the end of 2022, Petrosea managed to pocket a total contract value of approximately US$1.6 billion or equivalent to Rp24.8 trillion.

"This is a tangible manifestation of business expansion and diversified strategies to maintain business continuity, including becoming more cost-effective and recording higher margin profits," he said.

Furthermore, to support business expansion and diversified strategies, continued Rony, Petrosea has backed up the 2023 budget, which is up about 30 percent from the previous year.

In facing challenges in the future, in 2023 Petrosea will accelerate various change management initiatives as a form of operational excellence and continuous improvement in all Company operational areas.

Petrosea is fully committed to prioritizing the implementation of good management (GCG), environmental, social & governance (ESG) aspects, as well as the principle of sustainability by utilizing the latest digital technology through the Minerva Digital Platform which has proven to increase productivity and efficiency of Petrosea operational activities.