20260313_ELSA_Laporan Informasi dan Fakta Material_32053814_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’s Adaptive Business Strategy Captures Growth
                            Opportunities in the Energy Industry
Jakarta, 13 March 2026 – PT Elnusa Tbk (IDX: ELSA), an integrated energy services company and part of Pertamina’s Upstream Subholding, continues to
strengthen its business development efforts to capture opportunities amid the growth of Indonesia’s energy industry. This initiative also reinforces the Company’s
role in supporting the national oil and gas production target of 1 million barrels of oil per day (BOPD).

In line with the increasing demand for upstream oil and gas services, Elnusa has developed an adaptive business strategy focusing on four key pillars of
production enhancement, namely Routine Work Program, Acceleration from Reserve to Production, Enhanced Oil Recovery (EOR), and Exploration. These four
pillars serve as essential foundations for the upstream oil and gas industry to sustain production while unlocking opportunities for new resource discoveries.

Elnusa’s Director of Business Development, Arief Prasetyo Handoyo, stated that the implementation of each pillar comes with its own set of challenges, ranging
from rising exploration and production costs, high subsurface risks that affect the discovery of new reserves, to the need for advanced technologies to improve
productivity in mature oil and gas fields.

“Through our technological capabilities and integrated service solutions, Elnusa delivers efficient and comprehensive solutions to address these challenges. We
remain optimistic that we can continue to support the growth of energy industry activities while opening up new business growth opportunities for the Company,”
said Arief.

To support the development of Enhanced Oil Recovery (EOR), Elnusa collaborates with Pertamina (Persero) and the Upstream Subholding to develop Chemical
EOR (CEOR) and Vibroseis EOR technology, designed to enhance oil recovery from mature fields. In addition, the Company also promotes the development of
blending facilities and increases the utilization of domestic materials to reduce reliance on imported materials while improving operational cost efficiency within
the industry.

In terms of accelerating reserves into production, Elnusa provides low-cost operational solutions that enable the development of previously uneconomic fields,
allowing them to be monetized and brought into production more economically. Meanwhile, within the Routine Work Program, the Company leverages its multi-
business integration capabilities through integrated workover and well intervention services to sustain production levels while improving operational efficiency.

This strategy is supported by Elnusa’s diversified business portfolio across three main segments: Integrated Upstream Oil & Gas Services, Energy Distribution &
Logistics Services, and Oil & Gas Support Services. Throughout 2025, the Company recorded solid operational performance across these segments through a
wide range of services, including seismic surveys, wireline logging, well testing, modular rig operations, hydraulic workover, OCTG services, fabrication &
construction, marine vessels & barges, as well as energy distribution services.

Within the energy distribution and logistics segment, Elnusa also recorded a more than 22% year-on-year increase in fuel transportation volume, reflecting the
growing demand for energy transportation services across various operational areas. The Company continues to expand its services through energy depot
management, LPG distribution, lubricants, and industrial chemicals.

In addition to strengthening its core business, Elnusa is also actively pursuing business portfolio diversification, including the development of seismic survey services
for non-oil and gas sectors such as coal, as well as the delivery of Oil Country Tubular Goods (OCTG) to international markets, including shipments to Algeria
through collaboration with strategic partners.

Arief added that the Company’s business development strategy is also reflected in Elnusa’s strong contract acquisition throughout 2025, which remains resilient
amid industry dynamics and continues into 2026.

“Looking ahead, we see significant growth opportunities driven by increasing exploration activities, optimization of existing fields, and growing demand for
energy distribution services. Therefore, Elnusa will continue to strengthen its technological capabilities, service integration, and collaboration with strategic
partners to capture the growth opportunities in the energy industry,” Arief concluded.

About Elnusa (IDX: ELSA)
Elnusa is a subsidiary of PT Pertamina Hulu Energi (PHE), which is part of the Pertamina Upstream Subholding, operating in the field of integrated energy services to provide total
solutions. Elnusa has a DNA of resilience and innovation for over 56 years in the energy industry, with core competencies in upstream oil and gas services, energy distribution and
logistics services, as well as support services. The upstream oil and gas services line includes Geoscience & Reservoir services (land, transition zone & marine, as well as data processing),
drilling & field maintenance services (drilling & workover), engineering, procurement, construction & operation maintenance (EPC-OM) services. The energy distribution and logistics
services line includes fuel transportation services, depot management, and chemical sales. The support services line includes marine support services, fabrication, and data management.
Elnusa is committed to implementing Corporate Governance in accordance with GCG principles to realize a highly competitive, continuously growing company and provide sustainability
for all stakeholders. For more information, please visit www.elnusa.co.id.