55 Years of Elnusa: Accelerating Excellence, Driving Indonesia’s Energy Future
Jakarta, September 11, 2024 – PT Elnusa Tbk (Elnusa) celebrates its 55th anniversary with the theme “Accelerating Excellence, Energizing the Future.” This milestone marks an important moment for the company to accelerate innovation, excellence, and contributions to Indonesia’s energy sector.
Bachtiar Soeria Atmadja, the President Director of Elnusa, stated, “For more than five decades, Elnusa has been a trusted company in the national energy services industry. This year’s theme reflects our commitment to continuously enhancing operational performance and innovating to face future challenges. We aim to ensure that Elnusa not only grows with Indonesia but also plays an active role in driving energy sustainability.”
Elnusa maintained solid operational performance during the first half of 2024. During this period, Elnusa completed various strategic projects in the upstream oil and gas sector, including a 198 km 2D seismic survey and a 1,971 km² 3D survey. Additionally, Elnusa recorded successes in drilling and well maintenance services, Wireline Services (WLS), Pressure & Pumping Services (PPS), Well Testing Services (WTS), EPC OM, and engineering projects.
Throughout the first half of 2024, Elnusa recorded positive financial performance. The company’s revenue increased by 8% compared to the same period last year. Net profit also rose by 12%, reflecting efficient cost management and resource optimization.
Elnusa’s stock performance (stock code: ELSA) showed a positive trend, with a 15% increase in share price by August 2024, reflecting investor confidence in Elnusa’s growth prospects. "We are grateful to our shareholders for their continued support of the company’s strategic steps. The positive stock performance demonstrates the market’s confidence in Elnusa’s future direction,” said Bachtiar.
With various projects completed and solid operational performance, Elnusa is optimistic about strengthening its position in the energy industry and contributing to Indonesia’s energy sustainability. Bachtiar added, “We believe that with smart work, innovation, and a spirit of collaboration, Elnusa will continue to grow and deliver the best for the nation.”
The Vice President of Corporate Communication of Pertamina, Fadjar Djoko Santoso, said that innovation and digitalization are the keys for Pertamina to improve positive performance across all business lines continuously.
“Innovation and digitalization also play a crucial role in achieving energy resilience, which will drive national economic growth,” Fadjar stated.**