The completion of the JTB Project’s drilling operation and rigless campaign is faster than expected. PEPC also cuts the cost and operational time by 11 and 21 percent, respectively.
Shopee's parent company, Sea Ltd, has reportedly acquired PT Bank Kesejahteraan Ekonomi (BKE) through its subsidiary, Turbo Cash Hong Kong Ltd. According to a D-Insights source, Sea Ltd also gets the green light from the OJK to acquire another bank.
Corporations are ready to expand by preparing jumbo capital expenditures in line with growing hopes for economic recovery.
Bukalapak recently raised US$200 million or approximately Rp 2.8 trillion in funding from Standard Chartered Plc, encouraging expansion to catch up with other unicorn startups.
SKK Migas expects that Pertamina can apply EOR technology in the Rokan Block by 2024, targeting to spur the Riau-based oil and gas working area's production.
Pertamina Hulu Mahakam (PHM) implements the Hydraulic Workover Unit (HWU) method to drill new development wells in the Mahakam Block.
Several corporations continue to prepare for aggressive corporate action as the vaccination program begins.
PGN is targeting to complete strategic infrastructure projects in 2021-2023, including the Rokan Block oil transmission pipeline project.
BP-AKR keeps expanding its business by adding more fueling stations (SPBU). This year, they plan to erect 15 gas stations in the Jabodetabek and Surabaya areas.
Indosat believes that satellite business is no longer profitable. The company will focus on its primary business in digital communication.