Meindo

What Meindo does

PT. Meindo Elang Indah (Meindo) is an Indonesian EPCIC contractor providing fully integrated Engineering, Procurement, Construction, Installation, and Commissioning services for the upstream, midstream, and downstream oil and gas, petrochemical, and energy sectors. Founded in 1987 and commencing engineering and construction work in 1991 as a petrochemical contractor, Meindo entered upstream oil and gas in 1997 with the Peciko I project for Total E&P Indonesie and has since executed more than 150 oil and gas projects across Indonesia and internationally. The company operates through four interconnected service lines: Offshore EPCIC (wellhead platforms, process platforms, modules, living quarters, pipelines, FPU modifications), Onshore EPCIC (receiving facilities, processing facilities, cross-terrain pipelines, tank farms, jetties), Yard Fabrication, and Brownfield Services for live-facility modifications during shutdown periods.

Meindo's core technology is execution-driven rather than software-driven. Its competitive position rests on three fabrication yards in Bintan (46 ha, 30,000 tpa annual capacity, Free Trade Zone), Handil in East Kalimantan (16.6 ha, 16,000 tpa), and Balaraja near Jakarta (2.8 ha), supplemented by an in-house engineering department established in 2012 covering process, piping, mechanical, structural, electrical, instrumentation, and 2D/3D modeling. The company holds ISO 9001, 14001, 45001, and 37001 certifications, Indonesian SMK3 advanced-level certification (93.98% in 2024), and has logged more than 99 million safe manhours without LTI. Meindo serves as a one-stop contractor for blue-chip operators including Total E&P Indonesie, Chevron Indonesia, Pertamina Group (PHM, PHE ONWJ, PHE WMO), Medco E&P, PetroChina, Ophir Energy, Mubadala Petroleum, and ASC Ashahimas Chemical, with project values disclosed up to USD 92.7 million.

Meindo generates revenue through project-based, custom-scoped EPCIC contracts on fixed-price or cost-plus terms, with each contract individually negotiated based on scope, complexity, location, and timeline. Pricing is not publicly disclosed. Revenue is concentrated in long-cycle multi-year contracts awarded via competitive tender and direct negotiation with enterprise-grade operators. Go-to-market is direct enterprise field sales driven by reputation, track record, and established operator relationships rather than channel or marketing-led acquisition. The company has 2,000+ employees (95%+ local hire), is led by CEO Vincent Chan, operates two wholly-owned subsidiaries (PT Meitech Eka Bintan and PT Ekanusantara Line), and has signed MoUs with PT PLN and SABELLA for marine current energy, signaling selective diversification beyond oil and gas.

Name

Meindo

Legal name

PT. Meindo Elang Indah

Website

https://meindo.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

PT. Meindo Elang Indah (Meindo) is an Indonesian private EPCIC contractor providing integrated engineering, procurement, construction, installation, and commissioning services for upstream, midstream, and downstream oil and gas, petrochemical, and energy operators, including Pertamina Group, Chevron, and Total E&P.

Ownership category

akta.pro rank

Product category

Oil & Gas EPCIC Construction Services

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Chemical & Petrochemical Plant Construction (IMAFADAA)

Keywords

• EPCIC services
• Oil and gas construction
• Offshore fabrication
• Petrochemical construction
• Brownfield services

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. EPCIC Project Services: Project-based engineering, procurement, construction, installation and commissioning services for oil & gas operators. Revenue is generated through fixed-price or cost-plus contracts for specific projects ranging from platform fabrication to full field development. Each project is unique with negotiated terms based on scope, complexity, and timeline.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Meindo is an Indonesian EPCIC (Engineering, Procurement, Construction, Installation, and Commissioning) contractor for the oil & gas, petrochemical, and energy industries. It delivers offshore and onshore EPCIC projects including jackets, topsides, wellhead platforms, CPPs, modules, and pipeline installations, supported by three fabrication yards in Bintan, Handil, and Balaraja. The company also performs brownfield construction, modification, and maintenance services for operating assets.

Product overview

PT Meindo Elang Indah is an Indonesian leading EPCIC (Engineering, Procurement, Construction, Installation, and Commissioning) contractor providing fully integrated solutions for the Petrochemical, Energy, and upstream Oil & Gas Industry. The company's core offerings consist of four interconnected service lines: Offshore EPCIC (covering wellhead platforms, process platforms, modules, living quarters, and pipelines), Onshore EPCIC (covering receiving facilities, processing facilities, tank farms, and petrochemical plants), Yard Fabrication (with three strategically located fabrication yards in Bintan, Handil, and Balaraja), and Brownfield Services (for modifications and maintenance of existing facilities). Meindo operates as a one-stop organization offering upstream, midstream, and downstream EPCIC solutions, with projects spanning from deepwater gas fields to onshore processing facilities. The company manages over 150 completed projects and operates three fabrication yards with combined annual throughput capacity exceeding 46,000 tons.

Differentiator

Problem solved

Functional benefit

Products and services

• Offshore EPCIC Services

Quantifiable outcome

• 150+ O&G projects successfully completed in Indonesia and internationally since 1997
• +1 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• PT PLN (Persero)coreStrategic or Co-development Partner · 22 September 2022MoU signed for joint study on utilization of ocean current energy potential for electricity development in Indonesia. PLN is developing renewable energy sources including marine current energy, and Meindo provides industrial and construction expertise for project execution.
• SABELLAcoreStrategic or Co-development Partner · 11 February 2015MoU signed for development of ocean current energy in Indonesia. The partnership aims to produce and deploy 100 kW to 2,500 kW turbines to harness marine currents. Meindo provides construction site, marine equipment and material, as well as transportation and installation services. SABELLA, a French company, develops innovative technology for marine and river currents harnessing with their 'Sabella D10' turbine producing up to 1 MW.
• PT PLPcoreStrategic or Co-development Partner · 11 February 2015MoU partner providing resources and serving as interface between different actors, coordination and quality control for tidal energy projects in Indonesia.
• PT Meitech Eka BintancoreOthersSubsidiary company operating the Bintan Fabrication Yard located in a Free Trade Zone on Bintan Island. The yard has 46 hectares and annual capacity of 30,000 tons.
• PT Ekanusantara LineminorOthersSubsidiary company of PT Meindo Elang Indah

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Saipem SpA: Global EPC contractor with deep offshore and onshore oil & gas capabilities, including a long-standing Indonesian presence (Saipem Indonesia). Competes with Meindo on offshore platform and pipeline tenders across the region.
• Worley Limited: Global energy, chemicals and resources project delivery and consulting provider. Comparable to Meindo as an EPC contractor with deep Indonesian and broader Asia-Pacific footprint serving oil & gas operators.
• TechnipFMC: Global technology and EPC provider for the energy industry, including subsea, offshore, and onshore projects. Overlaps with Meindo in offshore platform fabrication, subsea pipelines, and integrated EPCIC delivery for IOCs and NOCs.
• Subsea7: Global subsea engineering and construction company delivering offshore project services including SURF and pipeline installation. Comparable to Meindo on subsea pipeline and offshore installation scopes in Southeast Asia.
• McDermott International: Global provider of engineering and construction solutions for offshore and subsea oil & gas projects. Competes with Meindo on complex offshore platform and subsea pipeline work in Asia-Pacific, including Indonesia.

Regional players

• PT Waskita Karya (Persero) Tbk: Indonesian state-owned construction company engaged in heavy civil, infrastructure and energy-related EPC projects. Comparable to Meindo as an Indonesian-based heavy contractor competing for large-scale project work.
• PT Adhi Karya (Persero) Tbk: Indonesian state-owned construction and EPC contractor with energy and infrastructure exposure. Competes with Meindo for selected Indonesian EPC projects, particularly in infrastructure and energy facilities.
• PT Hutama Karya (Persero): Indonesian state-owned construction company active in infrastructure, energy and EPC projects. Overlaps with Meindo on heavy construction and onshore EPC scopes for energy and infrastructure clients in Indonesia.

Direct peers

• PT Rekayasa Industri (Rekind): Indonesian engineering, procurement and construction company focused on oil & gas, petrochemical and power plant projects. Comparable in delivering integrated EPC solutions to Pertamina Group and other major operators in Indonesia.
• PT Timas Suplindo: Indonesian EPCIC contractor serving oil & gas, petrochemical and power clients. Directly comparable to Meindo in scope (offshore/onshore EPC, fabrication, pipeline installation) and customer base (Pertamina, Total, Chevron Indonesia).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pt-meindo-elang-indah

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

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

Frequently asked questions about Meindo