Pertamina Hulu Indonesia

What Pertamina Hulu Indonesia does

PT Pertamina Hulu Indonesia (PHI) is a private upstream oil and gas exploration and production company headquartered in Jakarta, Indonesia, operating as a wholly-owned subsidiary of PT Pertamina Hulu Energi (PHE), the upstream subholding of state-owned PT Pertamina (Persero). The company was established on December 28, 2015 to consolidate management of upstream work areas in Kalimantan, and it now operates Regional 3 Kalimantan covering Zones 8, 9, and 10 through wholly-owned operating subsidiaries: PT Pertamina Hulu Mahakam (PHM), PT Pertamina Hulu Sanga Sanga (PHSS), PT Pertamina Hulu Kalimantan Timur (PHKT), PT Pertamina Hulu West Ganal, and PT Pertamina EP (PEP). PHI produces crude oil and natural gas from both onshore and offshore fields, with 2025 production averaging approximately 57.8 MBOPD of oil and 630.4 MMSCFD of gas — equivalent to roughly 10.4% of Pertamina's oil output and 22.8% of its gas output.

PHI's core operations revolve around exploration, drilling, and reservoir management of mature and greenfield fields in East, South, and North Kalimantan, supported by an in-house portfolio of proprietary technologies. Notable systems include the Hydraulic Workover Unit (HWU, the first of its kind in Indonesia), OPTIDRILL (which cut drilling costs by ~40% and reduced well drilling time by 56% at Mahakam), SISCA (which added 159 Bcf of new reserves at SISI Nubi), Casing While Drilling (first-ever application in Southeast Asia at Bekapai), PCTGL, LLP, RESA, Sand Consolidation, Robot, SPIRALTUBE, CEKER, and FANA. Beyond E&P, PHI holds a 20% interest in the Abadi LNG project in the Masela Block (a USD 20 billion development with Inpex Masela and Petronas, PSC valid until 2055) and is pursuing Carbon Capture and Storage partnerships with SK Group and POSCO International via its parent PHE.

The company's business model is built on Production Sharing Contracts (PSCs) with the Indonesian government, overseen by SKK Migas, under which oil and gas produced in Kalimantan is sold to the government or its designated buyers at regulated pricing. PHI does not sell directly to retail or commercial end-customers and operates as a B2B upstream contractor whose primary counterparties are state entities. Revenue is generated through transaction-fee style entitlements under the PSC framework. The company holds certifications including ISO 37001:2016 (Anti-Bribery Management System), ISO 14001:2015, ISO 22301:2012, ISO 9001, multiple PROPER Green awards, and has received industry recognition such as the IDEAS 2026 award for DEI & ESG social media communication and APQA 2021 for innovation. PHI has more than 2,500 employees and invests over 320,000 learning hours annually in workforce development.

Name

Pertamina Hulu Indonesia

Legal name

PT Pertamina Hulu Indonesia

Website

https://phi.pertamina.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

PT Pertamina Hulu Indonesia is a private upstream oil and gas subsidiary of Indonesia's state-owned Pertamina (via PHE), producing crude oil and natural gas from Kalimantan assets under Production Sharing Contracts with the Indonesian government via SKK Migas.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Exploration and Production

NAICS

Crude Petroleum Extraction (21112), Oil and Gas Extraction (211), Oil and Gas Extraction (2111)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Upstream HSE, Regulatory Compliance & Emissions Management (Methane/Flare) (EUALAAAM)

Keywords

• Upstream oil gas
• Crude oil production
• Natural gas exploration
• Enhanced oil recovery
• Production sharing contracts

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Oil and Gas Production and Sales: PHI generates revenue through the production and sale of crude oil and natural gas from its upstream assets in the Kalimantan region. Operations are conducted under Production Sharing Contracts (PSCs) with the Indonesian government, represented by SKK Migas. The company contributes approximately 10.4% of total Pertamina oil production and 22.8% of total Pertamina gas production.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

PT Pertamina Hulu Indonesia (PHI) is an Indonesian upstream oil and gas company that explores for and produces crude oil and natural gas from operated assets located primarily in Kalimantan. The company operates under production sharing contracts (PSC) with the Indonesian government through SKK Migas and sells hydrocarbons through offtake arrangements to designated buyers, with current production of approximately 58 MBOPD of oil and 630 MMSCFD of gas.

Product overview

PT Pertamina Hulu Indonesia (PHI) is an upstream oil and gas subsidiary of PT Pertamina (Pertamina Hulu Energi) that manages oil and gas exploration and production operations across Regional 3 Kalimantan — covering Zones 8, 9, and 10 — through its subsidiaries including PT Pertamina Hulu Mahakam, PT Pertamina Hulu Sanga Sanga, PT Pertamina Hulu Kalimantan Timur, PT Pertamina Hulu West Ganal, and PT Pertamina EP. The company's primary product offering in the digital space is the R3LAX mobile application, a free consumer service. PHI's operations center on oil and gas production assets (oil fields and gas fields, both onshore and offshore in East Kalimantan, South Kalimantan, and North Kalimantan), with the company recording approximately 57.8 MBOPD of oil production and 630 MMSCFD of gas production in 2025. The R3LAX app is the company's only named standalone software product.

Differentiator

Problem solved

Functional benefit

Products and services

• R3LAX Mobile Application A mobile application developed by PHI to support operational excellence, field data capture, and real-time monitoring across upstream oil and gas activities for field personnel and engineers.
• Crude Oil Production Extraction and production of crude oil from operated upstream assets in Kalimantan, primarily under the Mahakam Block and other PSC working areas, sold under offtake agreements to state and third-party buyers.
• Natural Gas Production Extraction, processing, and delivery of natural gas from operated upstream fields in Kalimantan, including gas supplied for domestic power generation, fertilizer production, and export markets under long-term contracts.

Named customers2 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature13 records

Partnerships

Twelve partnerships are on record, tiered strategic, core and minor.

• SK GroupstrategicStrategic or Co-development Partner · 1 April 2026PT Pertamina Hulu Energi (PHE), parent of PHI, signed a Memorandum of Understanding with SK Group at the Indonesia-Korea Business Forum in Seoul on April 1, 2026. The agreement focuses on upstream oil and gas collaboration and Carbon Capture and Storage (CCS) development, exploring cross-border CCS opportunities between Indonesia and South Korea, with PHE aiming to leverage Indonesia's carbon storage capacity to support South Korea's industrial decarbonization needs.
• POSCO InternationalstrategicStrategic or Co-development Partner · 1 April 2026PT Pertamina Hulu Energi (PHE), parent of PHI, signed a Memorandum of Understanding with POSCO International at the Indonesia-Korea Business Forum. The agreement covers upstream oil and gas collaboration and CCS development, exploring cross-border CCS opportunities between Indonesia and South Korea to leverage Indonesia's carbon storage capacity for South Korea's industrial decarbonization needs.
• Inpex MaselacoreStrategic or Co-development Partner · 1 April 2026Inpex Masela (65% interest) and PHI (20% interest) collaborate on the Abadi LNG project in the Masela Block, located in the Arafura Sea. The USD 20 billion project has an annual production capacity of 10.5 million tons of gas equivalent, with approximately 9.5 million tons expected to be LNG and condensate output up to 35,000 barrels per day. Production sharing contract is valid until 2055. Petronas holds the remaining 15% interest.
• Petronas (15% interest in Masela Block)minorStrategic or Co-development Partner · 1 April 2026Petronas holds a 15% interest in the Masela Block alongside Inpex Masela (65%) and PHI (20%). The Abadi LNG project is a major $20 billion initiative with production capacity of 10.5 million tons of gas equivalent annually, valid until 2055.
• Borneo Orangutan Survival Foundation (BOSF)minorOthersPHI integrates biodiversity management by protecting and conserving orangutans together with BOSF as part of its 'beyond compliance' biodiversity protection program. The program follows Biodiversity, Sustainability, and Community principles.
• Lindungi HutanminorOthersPHI collaborated with Lindungi Hutan, an environmental organization, and local farmer partners on Pulau Pari, Kepulauan Seribu, for mangrove and seagrass planting activities as part of World Environment Day commemorations and climate mitigation efforts.
• Aksi Cepat Tanggap (ACT) FoundationminorOthersPHSS partnered with ACT Foundation to distribute disaster relief assistance to flood victims in South Kalimantan and earthquake victims in West Sulawesi, including Humanity Food Truck serving over 800 victims.
• Teman Kita FoundationminorStrategic or Co-development PartnerPHSS partnered with Teman Kita Foundation to organize Youth Camp for youth creativity development in Beringin Agung Village, Samboja District, Kutai Kartanegara. The program included literacy training, MSME business development, English learning, and leadership coaching.
• Proklamasi 45 Yogyakarta University (UP45)minorOthersPHSS partnered with UP45 Yogyakarta University, supported by SKK Migas and IAFMI, to conduct undergraduate scholarship selection for students in Kutai Kartanegara Regency, involving high schools in 6 districts around PHSS operations.
• Oil and Gas Human Resources Development Center (PPSDM)minorOthersPHSS partnered with PPSDM as training facilitator and examiner to organize Occupational Safety and Health (OSH) training and competence certification tests for 27 high school graduates from Muara Badak, Marangkayu, and Anggana districts in Kutai Kartanegara.
• PT PertagascoreStrategic or Co-development PartnerPHKT partnered with PT Pertagas and the Ministry of Energy and Mineral Resources to supply gas through the National Gas Network (Jargas) project in Marangkayu District, Kutai Kartanegara. PHKT Santan Terminal supplies 0.1 to 1 MMSCFD of gas supporting approximately 3,500 household gas connections.
• SKK MigascoreOthersPHI operates as a contractor under Production Sharing Contracts managed by SKK Migas (Upstream Oil and Gas Special Regulatory Task Force), which provides regulatory oversight for all upstream oil and gas activities in Indonesia.

Scale indicators14 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• PT Pertamina Hulu Energi (PHE): Parent entity of PHI and Pertamina's upstream subholding; directly comparable as it consolidates all of Pertamina's upstream oil and gas operations across Indonesia under a similar PSC and SKK Migas framework.
• PT Pertamina EP: Sibling Pertamina upstream subsidiary operating conventional oil and gas fields in Indonesia under PSCs with SKK Migas; comparable operating model, regulatory environment and PSC fiscal structure.
• PT Medco Energi Internasional: Indonesia's largest listed independent upstream oil and gas producer with operations across Indonesia and SE Asia; directly comparable as a domestic E&P competitor sharing the same PSC regime, regulator and customer base.
• INPEX Corporation: Japan's largest upstream E&P company and operator of the Masela Block (65% interest alongside PHI's 20%); directly comparable as a foreign-majority PSC operator in Indonesia with overlapping offshore gas/LNG asset exposure.
• Petronas (Upstream): Malaysian national oil company and 15% partner in the Masela Block; comparable as an SOE-affiliated integrated upstream operator with Southeast Asian PSC exposure and LNG portfolio ambitions similar to PHI's parent group.

Broad incumbents

• PTT Exploration and Production (PTTEP): Thai national upstream E&P subsidiary of PTT with significant Southeast Asian offshore and gas operations; comparable as a regional SOE-affiliated upstream player with similar PSC-style arrangements and gas-weighted portfolio.
• CNOOC Limited: Chinese state-affiliated offshore upstream oil and gas producer with global operations; comparable as a large SOE-linked offshore E&P operator focused on offshore production technology and long-life reserves.

Others

• Eni S.p.A.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks2 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@phipertamina
• Facebookfacebook.com/share/1BGyikJxUS
• LinkedInlinkedin.com/company/pt-pertamina-hulu-mahakam
• Instagraminstagram.com/phi.pertamina
• Xx.com/pertamina

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pertamina Hulu Indonesia