PHE Adopts Dual Growth Strategy to Safeguard Energy Security and Green Transition
PT Pertamina Hulu Energi (PHE) has committed to safeguarding national energy security and accelerating the green transition through its Dual Growth Strategy. The strategy involves maximising core oil and gas operations while developing sustainable low-carbon businesses.
The commitment was communicated during a visit by Deputy Minister of Energy and Mineral Resources Yuliot Tanjung to PHE’s booth at the 50th IPA Convention and Exhibition (Convex) 2026 at ICE BSD, Tangerang, on Wednesday, 20 May 2026.
Risk Management Director Whisnu Bahriansyah explained the company currently contributes 65% to national oil production and 37% to gas production, while operating 27% of Indonesia’s oil and gas blocks.
In 2025, PHE recorded oil production of 556,000 barrels per day (BOPD) and gas output of 2.75 billion standard cubic feet per day (BSCFD). This performance was supported by 887 development drilling operations, well servicing for 37,266 wells, and 1,288 workover activities.
“Through adaptive and integrated risk management approaches, we ensure every step of our transformation supports national energy security while creating sustainable value for the future,” Whisnu said.
On the energy transition front, PHE continues to strengthen sustainability initiatives. “PHE is implementing a balanced growth strategy that strengthens core oil and gas operations while developing low-carbon businesses,” he added.
The company has maintained its MSCI ESG “BBB” rating, executed over 808 corporate social responsibility (CSR) programmes, and reduced carbon emissions by 1,619,564 tonnes of CO2e.
PHE is also developing Carbon Capture & Storage (CCS) and Carbon Capture, Utilisation & Storage (CCUS) projects with global partners, with planned carbon storage capacity reaching 7.3 gigatons by 2030.
Projects include the Sukowati CO2 injection initiative, estimated to increase oil recovery by 19.2 million barrels; a 2C resource discovery at Tedong of 108.05 million barrels of oil equivalent (BOE); and the first implementation of Multi Stage Fracturing in a horizontal well at Kotabatak.
Additionally, PHE has developed North Duri A14 using first-time steamflood injection for Enhanced Oil Recovery (EOR), commissioned the Greenfield Akasia project with initial production of 3,200 BOPD, and started production at Padang Pancuran I field with estimated reserves of 1.1 million barrels of oil.
The company is also advancing the Chemical EOR project in the Minas area, launching the Sisi Nubi Area of Interest with a production capacity of 70 MMSCFD, and developing the Step Out Abab well as part of brownfield revitalisation.
Innovation-wise, PHE is leveraging Artificial Intelligence (AI) to enhance drilling operations, asset management integration, and subsurface development for greater efficiency.
Meanwhile, the CCS Asri Basin project is a key future focus with a target carbon storage potential of 2.9 gigatons.