Seed Investment Group and Starborn Energy Bontang Form a $75 Million Joint Venture

Photo: Special

JAKARTA - Seed Investment Group, an asset development and management company specializing in Investment Strategy, has signed a Joint Venture agreement with Starborn Energy Bontang, a prominent company in Indonesia's Oil and Gas sector.

The investment value of this collaboration amounts to $75 million, with a Memorandum of Understanding (MOU) signed by both parties on May 30, 2024.

In addition, the signing of this Joint Venture between the two parties also marks the creation of a new Special Purpose Vehicle (SPV) between them, called Seed Exploration & Production.

This partnership marks a strategic move by Seed Investment Group to strengthen their presence in the energy market, ensure sustainable energy supplies, advance technology, and diversify the company's service portfolio. As a new company in Indonesia, Seed Investment Group hopes this collaboration will expand their service portfolio and deliver innovative solutions to their clients.

“We are very pleased to welcome Starborn Energy Bontang into the Seed Investment Group family,” said Dr. Shakir Nur, CEO of Seed Investment Group.

“This partnership reaffirms our commitment to continuously providing the best services and cutting-edge solutions to our clients. By combining our strengths, we are confident that we will better meet the ever-growing needs of the market,” he added.

Starborn Energy Bontang is known for its extensive experience in the Oil and Gas sector and its strong strategic alliances with major players in the industry. The company has a solid client base and an excellent reputation for quality and innovation. By combining the resources and expertise of Starborn Energy Bontang, Seed Investment Group aims to deliver more comprehensive solutions to its customers, while driving growth and added value in the Oil and Gas sector, supported by advanced technology from this strategic alliance.

This collaboration aligns with Seed Investment Group’s long-term growth strategy, which focuses on innovation and service enhancement. Clients of both companies can expect a smooth transition and continued excellence in the services that have become the hallmark of both firms.