Pertamina; the Largest State Owned Enterprise of Indonesia
Pertamina, an integrated energy company, is the largest state-owned company of Indonesia. It conducts operations in the exploration and production of oil & gas, both national and international, and is also active in the development of renewable energy sources, such as geothermal energy and coalbed methane (CBM) gas. Pertamina's downstream activities cover processing, marketing, trading and shipping of its commodities. Its oil and gas exploration activities are conducted through its subsidiaries Pertamina EP, Pertamina Hulu Energi and Pertamina EP Cepu.
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Pertamina's Production Highlights:
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | |
| Crude Oil (MMBO) |
54.98 | 64.40 | 70.01 | 70.63 | 71.76 | |
| Natural Gas (BSCF) | 426.53 | 502.05 | 532.85 | 558.60 | 563.15 | |
| Geothermal (million ton) |
61.01 | 68.06 | 67.06 | 67.45 | 67.72 |
Source: Pertamina, Annual Report 2012
Pertamina's Financial Highlights:
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | |
| Income from Operations |
3.42 | 2.67 | 3.07 | 5.35 | 4.76 | |
| Sales/Operating Revenues | 57.0 | 35.1 | 47.6 | 67.3 | 70.9 | |
| Income before Tax | 3.43 | 2.68 | 3.29 | 4.50 | 4.80 | |
| Net Profit | 2.03 | 1.56 | 1.85 | 2.40 | 2.76 | |
| EBITDA | 4.33 | 3.54 | 4.37 | 5.59 | 6.06 |
in billion US dollar
Source: Pertamina, Annual Report 2012