JAKARTA - PT Elnusa Tbk (Elnusa), a subsidiary of PT Pertamina Hulu Energi who is a member of Pertamina's Upstream Subholding, recorded a positive performance until the third quarter of 2025 with revenues reaching IDR 10.5 trillion or growing nine percent compared to the same period the previous year.
Elnusa Finance Director Nelwin Aldriansyah said the achievement reflected contributions from all integrated business lines in supporting the company's growth.
"The sales segment of goods and energy distribution services and logistics contributed 58 percent of total revenue, driven by the positive performance of the industrial fuel trading business, energy transportation, fuel and LPG depot management, as well as INMAR's chemical and fuel activities," Nelwin said in an official statement, quoted by Antara, Thursday, October 30.
The integrated upstream oil and gas service segment accounts for 31 percent, through exploration and production projects in various Pertamina Group work areas, including seismic, wireless, well-testing, cementing, and EPCOM services.
The oil and gas support service segment contributed 11 percent, supported by marine support, fabrication and construction services, and warehouse & data management services.
Nelwin further said that Elnusa managed to maintain a growth trend thanks to a strategy to strengthen business fundamentals and operational efficiency.
"We are optimistic that we can close 2025 with positive results and contribute more to national energy resilience," he said.
In August, Elnusa also paid for Sukuk Ijarah Berkelanjutan I Phase I Year 2020 worth IDR 715.75 billion using internal cash, without the issuance of new debt securities.
In line with its ongoing commitment, Elnusa also strengthens new business development lines, such as Pipeline Integrity Management, In-Line Inspection Services, and Foam Pig Product services.
In the field of well-production improvement, Elnusa presents innovations such as Pertasolvent, Hydraulic Dilation Water Pumping, and Automatic Well Performance Analyst.
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Innovation continues with the development of the Ecolift Hydraulic Pumping Unit as well as its involvement in the Carbon Capture Utilization & Storage (CCUS) project to support the low-carbon energy transition.
Elnusa also noted technological breakthroughs through the implementation of dual compliance with string velocity, which allows two reservoirs to be produced simultaneously without interruption. This technology significantly increases oil production, such as at the PPS-X19 Well which rose 220 percent and the PPS-12 Well which jumped 554 percent.
In terms of operations, Elnusa completed a 3D and 2D seismic survey covering an area of 600 square kilometers of 1,356 logging jobs, drilling seven wells using modular rigs, as well as cementing and coiled tuging services at 215 wells. Intervention activities of wells through a hydroulic workover unit (HWU) also increased 19.4 percent to 123 wells.
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