20231006_ELSA_Laporan Informasi dan Fakta Material_31435804_lamp1.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 Records Contract Growth of 14% Reaching IDR 11.30 Trillion
Jakarta, 5 October 2023 – PT Elnusa Tbk (Elnusa, IDX: ELSA), a leading energy services company that provides total solutions,
recorded a positive growth record for the Company's consolidated work contracts. The company succeeded in recording
contract realization until August 2023 amounting to IDR 11.30 trillion. This amount grew 14% year on year (yoy) compared
to the same period in 2022 amounting to IDR 9.91 trillion.

Elnusa Corporate Communications Manager, Jayanty Oktavia Maulina said "From the realization of contracts that have been
recorded, they consist of new contracts that will be worked on until 2024 and also carry over several contracts that have just
been realized from the previous year. "Several large projects that contributed to contract acquisitions had a composition of
59% in Energy Distribution and Logistics Services, 30% in Upstream Oil and Gas Services, and the remaining 11% in Oil and
Gas Supporting Services, dominated by Pertamina Group at 74% and non-Pertamina Group at 26%," said Jayanty.

These projects include those that are the main contributors to Energy Logistics Distribution services, namely Fuel
Transportation and Depot Management. In Upstream Oil and Gas Services, contracts were obtained for drilling fluid and
workover services in the Mahakam Block area, Kalimantan as well as wireline logging services. Apart from that, Elnusa is also
working on 3D seismic survey services in the Rokan and West Java Blocks, as well as non-asset based work (EPC O&M) in the
Rokan and Balongan Blocks, West Java.

Meanwhile, for oil and gas support services, the contracts won include several jobs including oil and gas support vessel
services in providing work barge accommodation, utility vessels, warehouse management, oil and gas data management and
fabrication of several oil and gas equipment and facilities.

Based on the contract achievements achieved, Elnusa believes it will be able to achieve superior financial performance
compared to the previous year. This is supported by data submitted by SKK Migas that the need for national oil and gas
reserves will experience a substantial increase in 2023. Due to this, Elnusa looks at the future with optimism and has the
potential to have a significant positive impact on the company's performance.

Jayanty added "Elnusa also continues to maintain consistency in carrying out the company's strategy and innovates to
increase capabilities in Energy Services. Like the Enchance Oil Recovery (EOR) Reservoir vibration stimulation technology,
Elnusa is collaborating with Pertamina Upstream Research and Technology Innovation (URTI) in implementing the technology
in the trial field provided by PT Pertamina Hulu Rokan. In the end, Elnusa's efforts to increase business capabilities are
expected to be able to support the government's program in realizing the target of increasing national oil production to 1
million barrels per day (BOPD) and natural gas to 12 billion standard cubic feet per day (MMscfd) in 2030. ” concluded Jayanty.