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Oil and Gas Investments Tested Amid Global Conflicts: What is Pertamina's Strategy?

| | Source: LISTRIKINDONESIA.COM Translated from Indonesian | Energy
Oil and Gas Investments Tested Amid Global Conflicts: What is Pertamina's Strategy?
Image: LISTRIKINDONESIA.COM

Director of Risk Management at PT Pertamina (Persero), Ahmad Siddik Badruddin, has stated that strengthening risk governance is one of the key steps to ensure effective project management within the company. He made this remark during the Project Risk Management Forum: Strategic Risk Integration & Dynamic Evolution (STRIDE) 2026 at Pertamina Club, Taman Patra Raya, Kuningan, Jakarta, as quoted on Wednesday (18/03/2026). The forum, organised by Pertamina’s Directorate of Risk Management, served as a platform for discussion to reinforce project risk management within the company environment. Various topics were covered, from risk management frameworks and project risk management concepts to the challenges faced by the company in executing strategic projects. According to Siddik, Pertamina has several strategic projects that require structured and integrated risk management. Therefore, understanding the risk management framework and enhancing human resource capacity are crucial factors in ensuring smooth project execution. “At Pertamina, we have many projects that must be managed well and effectively. To manage those projects properly, we need to understand the framework, concepts, challenges, and how to develop human resources to handle them,” Siddik said. He added that project risk management must also consider sustainability aspects, including potential risks related to climate change. In his view, the impact of climate risk is expected to increasingly affect various company projects in the future. “We must start learning how to manage projects by understanding that in the future there will be impacts from climate change risks,” Siddik stated. Meanwhile, Pertamina’s Senior Vice President for Project Risk Management, Agung Eka Purnawan, explained that the forum aims to build alignment and increase management awareness in supporting strategic decision-making while strengthening the company’s resilience. According to Agung, the event is also directed towards enhancing the company’s readiness in identifying various potential risks from the early stages of projects. Additionally, the company is encouraged to adapt dynamically through a risk intelligence approach. He assessed that understanding the evolution of risks, from project level to company strategic risks, is an important foundation in the process of more anticipatory decision-making. “This forum is also expected to strengthen the linkage of Project Risk Management initiatives with the performance focus of the Directorate of Risk Management and to align work programmes at the holding and subholding levels,” Agung said.

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