Pertamina Completes Streamlining of 31 Subsidiaries
PT PERTAMINA (Persero) has completed the business streamlining of 31 subsidiaries during the first half of 2026. This was announced by Pertamina’s Director of Transformation and Business Sustainability, Agung Wicaksono.
“This streamlining is part of Pertamina’s ongoing transformation, which also aligns with the aspirations of the Government and Danantara,” said Agung Wicaksono, as quoted from Antara, Sunday, 5 July 2026.
Agung stated that the restructuring programme is one of Pertamina’s strategic priorities. The ultimate goal is to strengthen national energy security, provide better services to the public, and create greater added value for the national economy.
The programme is designed to strengthen the focus on core businesses, build excellence and competitiveness, and create sustainable added value.
Pertamina is also reorganising and slimming down the group structure through mergers, the divestment of non-core businesses, and the liquidation of dormant entities, particularly in the upstream oil and gas sector. These actions aim to increase decision-making speed, efficiency, and the quality of governance.
“Even though the dormant upstream oil and gas entities have incurred no expenses, whether for operations or salaries for directors or commissioners, we are still liquidating them as part of the effort to tidy up the Pertamina Group structure,” said Agung.
Agung stated that this subsidiary restructuring programme does not stop at corporate actions but also encompasses company transformation to enhance excellence, strengthen governance quality, and improve public service quality.
Pertamina’s Vice President of Corporate Communication, Muhammad Baron, added that Pertamina ensures every process undertaken and decision made adheres to the principles of good corporate governance in managing this subsidiary restructuring programme. The company also ensures that risk management is implemented comprehensively and complies with applicable rules and laws.
Pertamina is also coordinating with law enforcement agencies, auditors, Danantara, the State-Owned Enterprises Ministry (BP BUMN), various external agencies and institutions, as well as internal stakeholders such as labour unions.