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20250123_BREN_Laporan Informasi dan Fakta Material_31847571_lamp2.pdf
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SLB and Star Energy Geothermal announce
technology collaboration
Collaboration agreement will accelerate new commercial technologies that address
geothermal development challenges
Jakarta, 22 January 2025 — Global energy technology company SLB (NYSE: SLB) and
leading geothermal developer Star Energy Geothermal, a subsidiary of Indonesia’s largest
renewable energy company Barito Renewables (IDX: BREN), today announced a
collaboration agreement to accelerate advanced technologies for geothermal asset
development.
The collaboration will combine Star Energy Geothermal’s extensive knowledge of
geothermal development with SLB’s decades of experience developing and industrializing
technology solutions for the energy sector. Working closely together, SLB and Star Energy
Geothermal aim to deploy technologies that shift the economics of conventional geothermal
projects and improve recovery rates of geothermal assets.
"In developing technologies for the geothermal industry, collaborating with customers is
critical for focusing on the use cases with the most significant economic impact,” said Irlan
Amir, vice president, Renewables and Energy Efficiency, SLB. “In an industry where the
risks and levelized cost of energy are perceived to be high, we look forward to working with
Star Energy Geothermal to deliver groundbreaking technologies that will lower project risks
and improve the overall project economics of this clean, firm and flexible energy source."
SLB has previously worked with Star Energy Geothermal on technology solutions that
optimize well placement and employ artificial intelligence (AI) to improve the efficiency and
economics of drilling geothermal wells. Under the collaboration agreement, SLB and Star
Energy Geothermal will focus on developing and deploying technologies for subsurface
characterization, drilling, and production of geothermal assets.
"Our vision is to be among the largest and leading geothermal companies in the world,” said
Hendra Soetjipto Tan, president director of Barito Renewables and group CEO of Star
Energy Geothermal. “Today, we proudly manage 886 MW of installed electricity capacity.
Aligned with our strategic expansion to support energy transition, our goal will be enabled by
leveraging advanced technologies to enhance the efficiency and economics of our current
and future assets. With SLB’s breadth of technologies and our expertise in geothermal
resource development and operations, we are confident that together we can solve the
technical and economic challenges that are holding back the broader development of
geothermal projects across the globe.”
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About SLB
SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced
planet. With a global footprint in more than 100 countries and employees representing almost twice as
many nationalities, we work each day on innovating oil and gas, delivering digital at scale,
decarbonizing industries, and developing and scaling new energy systems that accelerate the energy
transition. Find out more at slb.com.
Media Investors
Josh Byerly – SVP of Communications James R. McDonald – SVP of Investor Relations &
Moira Duff – Director of External Communications Industry Affairs
SLB Joy V. Domingo – Director of Investor Relations
Tel: +1 (713) 375-3407 SLB
media@slb.com Tel: +1 (713) 375-3535
investor-relations@slb.com
About Barito Renewables
Barito Renewables (IDX: BREN) is a leading renewable energy company in Indonesia and the
renewable energy unit of Barito Pacific Group, committed to providing clean and sustainable energy
solutions. With a strong focus on environmental responsibility and community engagement in its
operational areas, BREN plays a crucial role in Indonesia's transition to a greener and more
sustainable energy landscape. BREN's subsidiary, Star Energy Geothermal, currently operates
geothermal power plants with a total capacity of 886 MW. Through Barito Wind, the company also
owns the Sidrap wind power plant in South Sulawesi with a capacity of 75 MW. Visit the company’s
website at: https://baritorenewables.co.id.
For more information, please contact:
Merly – Director and Corporate Secretary
Barito Renewables
corpsec@baritorenewables.co.id
externalcommunications@barito.co.id
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