20241022_ELSA_Laporan Informasi dan Fakta Material_31748326_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 Subsidiary Competence Develops PGE Flow2Max®
                            Technology Innovation
South Tangerang, 18 October 2024 – PT Elnusa Tbk (Elnusa) through its subsidiary, PT Sigma Cipta Utama (SCU) also contributes to the
development of new and renewable energy (EBT) by supporting the operational activities of the geothermal industry.

Previously, SCU's success in developing Pertamina Geothermal Energy's (PGE) Geoflowtest technology in June 2024 which has been
installed in PGE's Karaha and Ulubelu work areas. SCU has again been trusted as PGE's main partner in developing the world's first new
two-phase flow meter technology. The technology, called Flow2Max®, is PGE's effort to encourage the energy transition and EBT
production, considering that Indonesia has large geothermal energy reserves.

This technology is claimed to be able to monitor geothermal well performance in real time with a high level of data accuracy so that it is
relied on to increase the efficiency of geothermal resource management. Flow2Max® is the world's first technological innovation in
measuring two-phase fluid flow, making it very beneficial for the geothermal industry. The technology is the result of the initiative of
Mohamad Husni Mubarok PhD as Manager of Production and Operational Excellence PGE in responding to the challenges of operational
activities that were previously still conventional.

Flow2Max® has received global recognition for its innovative impact and has obtained patents from several countries including the United
States, New Zealand, Iceland, Turkey, the Philippines, and in Indonesia its patent rights have been officially registered with the Directorate
General of Intellectual Property of the Ministry of Law and Human Rights. The Flow2Max® technology development license agreement
was made between PGE & SCU at the 10th Indonesia International Geothermal Convention and Exhibition 2024 (IIGCE 2024) on Thursday
(19/9) at the Jakarta Convention Center building, Senayan.

SCU Director Adi Yatama said, "The collaboration in developing Flow2Max® technology for SCU is a strategic step as well as a priority
program in improving the competence of Information, Communication, and Technology (ICT) services, especially in the IoT field. This is
SCU's effort to answer the challenges in meeting the needs of the energy industry for technological developments in the green energy
industry that support cost efficiency and minimize operational risks to achieve the operational excellence target of the geothermal
industry," concluded Adi.

Through SCU's capabilities in the field of ICT (Information, Communication, and Technology) and data management services, SCU also
offers IoT (Internet of Things) services in developing technological innovations by utilizing internet connectivity. IoT is used to connect
various technological devices and sensors that aim to support operational efficiency by presenting more accurate and real-time data.

About Elnusa (IDX: ELSA)
PT Elnusa Tbk (Elnusa) is a subsidiary of PT Pertamina Hulu Energi (PHE) which is part of the Pertamina Upstream Subholding, which operates in the field
of integrated energy services to provide total solutions. Elnusa has DNA of Resilience and innovation for more than 54 years in the energy industry, has
core competencies in upstream oil and gas services, energy distribution and logistics services and supporting services. The upstream oil and gas service line
includes Geoscience & Reservoir services (land, transition zone & marine and data processing), drilling & oil and gas field maintenance services (drilling &
workover), engineering, procurement, construction & operation maintenance (EPC-OM) services. The energy distribution and logistics service line includes
fuel transportation services, depot management and chemical sales. The supporting service line includes marine support services, fabrication, and data
management. Elnusa continues to be committed to implementing Corporate Governance in accordance with GCG and ESG principles to create a company
that is highly competitive, continues to grow and provides sustainable benefits for all stakeholders. Further information can be accessed at
www.elnusa.co.id