JAKARTA - In an effort to strengthen national energy security and support the transition to a sustainable energy future, PT Elnusa Tbk (ELSA) continues to transform through an integrated strategy that emphasizes technological innovation, operational efficiency, and synergy with various stakeholders.
Manager of Corporate Communications Elnusa Jayanty Oktavia Maulina revealed that in the future, Elnusa will continue to maximize the upstream oil and gas service portfolio through strategic projects such as logging, pipeline integrity, seismic, and hydroulic drilling units.
He explained that the company's main focus is to maintain asset integrity, increase cost efficiency, and strengthen services through the use of the latest technology and close cooperation with Pertamina's Upstream Subholding and BUMN.
As a form of commitment, Elnusa has prepared an investment allocation of IDR 554 billion for 2025 to support the acceleration of business transformation, with the largest portion 56.4 percent for upstream oil and gas services and supporting services.
Meanwhile, 30.3 percent is allocated for energy distribution and logistics to increase supply chain efficiency, and another 13.3 percent is focused on developing new businesses, including the non-oil and gas sector.
"This scheme allows Elnusa to grow in balance, maintain revenue sustainability, and open up new market opportunities," he explained to VOI, Wednesday, August 20.
Jayanty also emphasized the importance of strategic investment carried out by Elnusa, namely by adding a fleet of tanks, LPG terminals, logistics facilities, and renewable energy initiatives so that it has a direct impact on increasing distribution capacity, supply chain efficiency, and national energy security.
According to him, all of this is directed at strengthening national energy distribution infrastructure, expanding service reach to remote areas, and ensuring energy supply is maintained, and increasing operational efficiency.
In addition, cooperation with BUMDs such as BLJ in Bengkalis is part of Elnusa's local strategy in transferring technology, training regional workers, to empowering the local economy.
According to Jayanty, this collaborative scheme is able to form a value chain that is mutually beneficial and strengthens public trust in BUMN energy.
As part of a strategy to support the achievement of a national production target of 1 million barrels of oil and 12 BSCFD gas per day in 2029, Elnusa implements a bundling services approach designed to provide integrated solutions in the upstream oil and gas sector through services that include seismic surveys, drilling, infrastructure maintenance such as pipeline integrity and logging, to logistical support.
"We are able to speed up project execution times, reduce costs, and ensure consistent quality of results," he said.
Furthermore, not only focusing on the oil and gas sector, Elnusa also diversifies to non-oil and gas services such as geothermal and coal.
Jayanty said this strategic step not only expands the company's revenue base, but also takes advantage of proven technical competencies in the oil and gas industry to support the development of alternative energy.
In addition, he said Elnusa's subsurface survey and drilling technology could be effectively adapted to exploration and production needs in the renewable energy sector.
Through a combination of bundling services and portfolio diversification, Elnusa not only contributes to the target of increasing national oil and gas production, but also strengthens energy security and accelerates the sustainable energy transition process.
In terms of digitization, Jayanty said Elnusa had implemented a variety of digital tools and smart operating systems, ranging from real-time monitoring to data analytics for seismic surveys and integrated-enterprises systems for administrative efficiency.
"This step not only reduces operational costs, but also increases safety compliance and faster decision," he said.
Jayanty said digitalization has also penetrated the HR management system through an integrated platform that includes e-learning, talent management, and performance tracking, namely the Elnusa Leader Development Program (ELDP) program, which is one of the internal leadership regeneration motors of the company.
He emphasized that the development of human resources is Elnusa's focus because digitalization and sustainable training can ensure that employee competence remains relevant and adaptive to industrial development.
"Recognition such as the HR Excellence Awards and regional leadership development awards are proof that internal innovation both in the HR and technology aspects has received broad appreciation. This strengthens Elnusa's reputation as an adaptive company for the development of industrial needs," he said.
Jayanty said that as an adaptive company to the dynamics of the global energy industry, Elnusa views technology development as the main pillar in maintaining business sustainability while at the same time supporting the national energy transition agenda.
Meanwhile, Elnusa's future vision is manifested in real action through three strategic approaches that target efficiency, sustainability, and energy resilience.
First, through pipeline logging and pipeline integrity technology, Elnusa prioritizes innovation in inspection and pipeline maintenance to minimize downtime, reduce leak risk, and ensure energy distribution runs smoothly and safely.
Jayanty explained that this technology is widely applied, not only in the oil and gas sector, but also in other energy infrastructures that require high reliability.
Furthermore, in the second strategy, Elnusa began exploring the development of the electric vehicle ecosystem (EV ecosystems), including the provision of charging infrastructure and the integration of supply chains.
According to him, this initiative is a strategic step in supporting national carbon emissions reduction targets and responding to the growth of the electric-based vehicle market in Indonesia.
Next is the third, in Carbon Capture, Utilization, and Storage (CCUS) technology, Elnusa develops internal capabilities and collaborates with strategic partners to capture and utilize CO2 emissions from industrial activities.
Jayanty emphasized that this step was part of the company's real contribution to achieving Indonesia's net zero emissions target by 2060.
"Through a combination of innovation, directed investment, and cross-sectoral collaboration, Elnusa ensures that every technological transformation step is not just a slogan, but contributes significantly to operational efficiency, environmental sustainability, and national energy security," he concluded.
However, NEXT Indonesia Center Director Herry Gunawan highlighted Elnusa's strategic direction which began to look at opportunities for expansion outside the core sector where this step needs to be carefully considered given the current company's financial condition and revenue contribution.
In principle, Elnusa's main business is in the oil and gas services sector, especially in the upstream sector by entering new sectors such as renewable energy, which means conducting high-cost and high-risk business expansion, especially if the core business foundation is not yet fully strong.
"The plan, you could say, is adaptive, with business records the core must be strong. If we look at it, in 2024, oil and gas services in the upstream sector will increase by 1919.7 percent, while business support services will decrease by 1.1 percent compared to 2023," he added to VOI Wednesday, August 20.
Even so, he conveyed that in terms of contributing to income, non-core businesses such as sales of goods, distribution services, and energy logistics contributed the largest portion, namely 56.1 percent of the total 2024 revenue.
This situation has become paradoxical on the one hand that the main sector is starting to recover, but revenue contributions are still dominated by the non-core sector.
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Furthermore, Elnusa's financial condition in 2025 also shows signs of weakening as reflected in a decrease in net profit from Rp443.0 billion in the first semester of 2024 to Rp336.5 billion in the second semester of 2025.
"The game, which fell in 2025, from Rp443.0 billion in the first semester of 2024 to Rp336.5 billion in the second quarter of 2025, shows that the financial capacity used for investment is decreasing or weakening. That way, if you enter a new business, the risk will be even greater," he said.
On the other hand, operating cash flow also decreased from IDR 793.5 billion in the first semester of 2024 to IDR 656.1 billion in the same period in 2025.
He also emphasized the importance of operational efficiency and strengthening the core business capacity, so that capital expenditures and increasing human resources are more of a priority to support the oil and gas sector, which is Elnusa's main strength rather than entering new businesses such as renewable energy.
"Digitalization is not only used for internal purposes, but can also be part of the service, so that operational and business processes are more efficient," he explained.
Herry explained that with a more efficient and technology-based business process, Elnusa is expected to be able to increase its competitiveness, both in the upstream sector and in oil and gas support services.
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