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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 Successful Seismic Surveys Throughout 2024, Proving Its
          Capability in Supporting Oil and Gas Exploration
Jakarta, 16 December 2024 – PT Elnusa Tbk (Elnusa, IDX: ELSA), a subsidiary of PT Pertamina Hulu Energi (PHE) under
Pertamina's Subholding Upstream, successfully completed numerous seismic survey projects throughout 2024. As one of the
company’s core businesses, seismic surveys play a crucial role in supporting exploration and development in the national
upstream oil and gas sector. During this period, Elnusa completed several major seismic surveys in strategic areas across
Indonesia.

Deputy of Exploration, Development, and Work Area Management at SKK Migas, Benny Lubiantara, previously stated that
the target for oil and gas exploration drilling was projected at 57 wells in 2023, increasing to 97 wells in 2024. By 2025 and
beyond, the target is expected to exceed 100 wells annually. This projection indicates a continuous rise in seismic survey
activities, and Elnusa is ready to contribute with its well-established seismic expertise and reputation.

Some key projects successfully completed by Elnusa this year include the 2D Amalia Survey for client Pertamina EP. This
program commenced in February 2024, covering an area of 234,000 KM/5,200 shot points across Muara Enim, Ogan
Komering Ulu, and Lahat regencies, including sub-districts such as Lawang Kidul, Tanjung Agung, Lubai Ulu, and Penukal Abab.
This survey was completed in July 2024.

Following this, the 2D Amalia Extension Survey, which began in July 2024 in collaboration with Pertamina Hulu Energi, covered
155,000 KM/2,184 shot points. This survey focused on areas within Muara Enim, Ogan Komering Ulu, and Lahat regencies,
encompassing a total of 51 villages. This project was successfully completed in September 2024.

Additionally, the 3D Balam Southeast Survey for Pertamina Hulu Rokan demonstrated Elnusa’s superior performance. This
survey covered an area of 303 sqKM/16,742 shot points in Rokan Hulu Regency, with operations starting in September 2024
and scheduled for completion by April 2025.

From Karawang, Elnusa also successfully completed the 3D Kepuh Seismic Data Acquisition project for PT Pertamina EP Zona
7 on March 23, 2024, six months ahead of the target deadline. Elnusa managed to acquire 25,356 shot points over an area of
501 km2, covering 19 sub-districts and 131 villages in Karawang Regency, achieving a total safe working time of 1,759,900
Man Hours.

In Eastern Indonesia, Elnusa successfully completed the 3D Offshore Bone and SE Seram Seismic Surveys at the end of June
2024. These surveys were part of the PHE Jambi Merang Work Commitment Program in open areas, utilizing the Seismic
Vessel HYSY 760 and four support vessels. The surveys employed the 3D Marine Streamer Broadband seismic acquisition
method using marine streamers of 4x8,500 meters.
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The 3D Bone Seismic Survey, covering 821 km2 in the waters of Bone Regency, was completed in 26 days, 11 days ahead of
the target. Meanwhile, the 3D SE Seram Seismic Survey, covering 700 km2 in the waters of East Seram Regency, was
completed in 59 days, 15 days ahead of the target.

Elnusa’s Corporate Secretary, Frida Lidwina, stated, “The success of these seismic surveys reflects Elnusa’s ability to
effectively support national oil and gas exploration. The seismic data we produce is a crucial foundation for determining
future exploration strategies.”

Marking a new milestone in 2024, Elnusa successfully secured and commenced its inaugural 2D and 3D seismic services
contract in a coal mining concession area in Tanah Laut Regency, South Kalimantan. This project highlights Elnusa’s capability
to expand its geoscience services into the coal mining sector.

In addition, Elnusa has also begun a 3D seismic survey project for Medco E&P in South Sumatra. This project is one of Elnusa’s mega seismic
projects, projected to span a long-term period of five years.

As a company committed to advancing Indonesia’s energy sector, Elnusa remains optimistic about closing 2024 with solid performance and
is prepared to face future challenges. The seismic surveys conducted this year underscore Elnusa’s dedication to supporting oil and gas
exploration through innovation and exceptional services.

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 55 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.

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linked org PT Pertamina Hulu Energi p.1 ×4
linked person Frida Lidwina p.2
possible org Elnusa Tbk p.1 ×2
unresolved org PT Pertamina EP Zona p.1

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