20240215_ELSA_Laporan Informasi dan Fakta Material_31577830_lamp2.pdf

Narahubung:
Jayanty Oktavia Maulina (Anty)
Manager of Corporate Communications
Graha Elnusa 16th Floor, Jl. TB Simatupang Kav. 1B, Jakarta 12560
Tel: (021) 7883 0850 | Fax: (021) 7883 0907 | Mob: +62813 1787 1717
E-mail: jayanty.maulina@elnusa.co.id


Press Release
    Elnusa Supports the Development of Innovative Technology for
                     Sustainable Energy Solutions
Jakarta, 15 February 2024 – PT Elnusa Tbk (ELNUSA IDX: ELSA), a leading energy services company that is part of the
Pertamina Upstream Subholding, continues to be committed to sustainable energy solutions. Elnusa is actively involved in
various initiatives aimed at optimizing production technology and increasing oil recovery through innovative approaches.

Elnusa is now focused on developing a more environmentally friendly business in accordance with the Company's strategic
direction. One thing that has been done is the implementation of the Reservoir & Enhanced Oil Recovery (EOR) Study. In
2018, Elnusa successfully carried out a polymer injection EOR application in the T46 well in the Tanjung Field, Asset 5 PEP.
This service offering showcases Elnusa's expertise in reservoir modeling and simulation, specifically designed to optimize
Huff-and-Puff CO2 operations in limestone reservoirs.

In 2023, Elnusa entered into an agreement with Pertamina Hulu Rokan (PHR) to carry out reservoir stimulation technology
work for EOR in the Rokan Working Area. By collaborating with Pertamina Upstream Research and Technology Innovation
(URTI), Elnusa has been actively involved in implementing reservoir stimulation technology in the PHR WK Rokan
environment. This innovation confirms Elnusa's commitment to addressing business needs while contributing to the
sustainability of Indonesia's energy sector.

Elnusa Jayanty Corporate Communication Manager Oktavia Maulina said "Elnusa is ready to revolutionize the energy industry
through the latest technological breakthroughs. "We have a DNA of resilience and innovation since our founding 54 years
ago, and with that we aim to support sustainable development in the future in accordance with the Company's
Environmental, Social and Governance (ESG) Roadmap which is currently being reviewed," said Jayanty.

Jayanty added, "Currently we are focusing on developing an environmentally friendly business in accordance with the
Company's strategic direction. However, we remain aware of the inherent challenges especially in the sustainable energy
business landscape. "The company recognizes the need to adapt to developing challenges and changes to remain competitive
and provide value for shareholders and stakeholders," concluded Jayanty.

About Elnusa (IDX: ELSA)
Elnusa is a subsidiary of PT Pertamina Hulu Energi (PHE) incorporated in Subholding Upstream Pertamina. As a total energy services solution company,
Elnusa has core competencies in upstream oil and gas services, supporting services, and energy distribution and logistics services. The upstream oil and gas
service line includes Geoscience & Reservoir services (land, transition zone & marine, and data processing), oil and gas field drilling & maintenance services
(drilling & workover), engineering, procurement, construction & operation maintenance (EPC-OM) services. Supporting service lines include marine support
services, fabrication, to data management. The energy distribution and logistics service line includes fuel transportation services, depot management, and
chemical sales. Currently, Elnusa serves national and international oil and gas companies, including Pertamina Group, British Petroleum, Conoco Phillips,
Soco Exploration (Vietnam) Ltd, etc. Elnusa is listed on the Indonesia Stock Exchange with the issuer code 'ELSA' and has five subsidiaries that support its
competence. Detail information can be accessed at www.elnusa.co.id