VarcoINDO Bina Jaya

What VarcoINDO Bina Jaya does

PT Varcoindo Bina Jaya (VarcoINDO) is an Indonesia-based private company founded in 1997 that provides specialized tubular running services and oilfield equipment to oil and gas operators. The company is headquartered in Bekasi, West Java, operates with 11-50 employees, and is led by founder Ir. Abdi Gustino. Its four core business lines are tubular running services (casing running, tubing running, torque monitoring, bucking, drill pipe handling), equipment rental, repair and maintenance, and supply chain management for oilfield equipment sourced from the USA, Canada, and other leading markets.

The company combines a proprietary product line with an exclusive distribution portfolio. Its own product, the DrawWorks CRT casing running tool, features a patented compensator rated at 450 tonnes that eliminates the need for top drive set down force and maintains full tensile strength during rotation. The company also serves as the exclusive Indonesian agent or distributor for international brands including WESTCO (hydraulic tongs, tubing spiders, power units), WENZEL Downhole Tools (drilling jars, motors), BVM Corporation (API-certified elevators, slips, links), CAMTECH (bushings, spinning wrenches), and Hawk Industries (HawkJaw power tong). The company holds ISO 9001, ISO 14001, and ISO 45001 certifications.

VarcoINDO generates revenue through professional services (tubular running operations, repair and maintenance), equipment rental and sales of distributed and proprietary hardware, and managed supply chain services. Go-to-market is direct enterprise field sales targeting Indonesian oil and gas operators, with pricing conducted on a quote basis via phone and email. The company displays 20+ enterprise client logos on its website, all within the domestic Indonesian upstream oil and gas sector. The founder has publicly stated a strategic vision to expand services internationally beyond Indonesia, though no overseas operations are currently evidenced.

Name

VarcoINDO Bina Jaya

Legal name

PT Varcoindo Bina Jaya

Website

https://varcoindobj.co.id

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

11–50 employees

Short description

VarcoINDO Bina Jaya is a privately held Indonesian oilfield services company founded in 1997, providing tubular running services, equipment rental, repair and maintenance, and supply chain management to oil and gas operators in Indonesia through proprietary tools and exclusive international brand distributions.

Ownership category

akta.pro rank

Product category

Oilfield Services

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132), Support Activities for Mining (2131)

SIC

Oil & Gas Field Machinery & Equipment (3533), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment) (EUALABAL)

Keywords

• Tubular running services
• Oilfield equipment supply
• Casing running tools
• Downhole tool rental
• Oilfield maintenance services

Headquarters

HQ city

Bekasi

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Tubular Running Services: Core service revenue from providing specialized tubular running operations including casing running, tubing running, torque monitoring, bucking services, and drill pipe handling for oil and gas wells.
2. Rental Services: Revenue from renting equipment including handling tools, tubular running equipment, downhole tools (fishing jars), and torque monitoring systems to oil and gas operators.
3. Repair & Maintenance Services: Revenue from scheduled maintenance, equipment repairs, and supply of genuine parts and consumables for oilfield equipment.
4. Supply Chain Management: Revenue from managing supply chain for oil and gas equipment, sourcing materials and equipment locally and internationally from USA, Canada, and other leading markets.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

PT Varcoindo Bina Jaya provides specialized tubular running services for oil and gas operators in Indonesia, including casing running, tubing running, torque monitoring, bucking services, and drill pipe handling. The company also rents oilfield equipment (handling tools, downhole tools, torque monitoring systems), offers repair and maintenance services with genuine parts, and manages supply chain for oil and gas equipment sourced from USA, Canada, and other leading markets. It distributes a portfolio of branded oilfield products (WESTCO, WENZEL, BVM, CAMTECH, Hawk Industries) and offers its own proprietary DrawWorks CRT casing running tool.

Product overview

PT Varcoindo Bina Jaya provides a comprehensive portfolio of oil and gas equipment and tubular running services. The company operates as both a product provider and service company. Core services include Tubular Running Services (casing running, tubing running, torque monitoring, bucking services, drill pipe handling), Rental Services, Repair & Maintenance, and Supply Chain Management. The product portfolio includes proprietary products like DRAWWORKS CRT (casing running tool with 450 tonne capacity) and HawkJaw (drill pipe make/break machine), as well as distributed brands: BVM products (manual tongs, elevators, slips, clamps, links), WESTCO products (hydraulic casing tongs, tubing spiders, rod tongs, power units, tubing tongs), WENZEL products (drilling jars, motors, drilling tools), and CAMTECH products (casing bushings, master bushings, roller kelly bushings, spinning wrenches). Accessory equipment includes Torque Sub, Cementing Swivel, and Torque Monitor System. Equipment is sourced from business partners in the USA, Canada, and other leading markets.

Differentiator

Problem solved

Functional benefit

Brands

• WESTCO: Exclusive agent for WESTCO products including Hydraulic Casing Tongs, Rod Tongs, Tubing Spiders, Tubing Tongs, and Diesel/Electric Power Units
• WENZEL
• CAMTECH
• BVM
• DrawWorks CRT
• HawkJaw

Products and services

• Tubular Running Services Specialized tubular running operations for oil and gas wells, including casing running, tubing running, torque monitoring, bucking services, and drill pipe handling. Provided to oil and gas exploration and production operators in Indonesia.
• Equipment Rental Services Rental of handling tools, tubular running equipment, downhole tools (fishing jars), and torque monitoring systems to oil and gas operators.
• Repair & Maintenance Services Scheduled maintenance, equipment repairs, and supply of genuine parts and consumables for oilfield equipment to oil and gas operators.
• Supply Chain Management Management of supply chain for oil and gas equipment, sourcing materials and equipment locally and internationally from USA, Canada, and other leading markets.
• DrawWorks CRT (Casing Running Tool) A proprietary new-generation mechanical casing running tool designed to make up casing, run it into the well, fill-up, circulate, rotate and reciprocate the string while locked on the string. Features a patented compensator that eliminates the need for top drive set down force to set slips. Rated load capacity of 450 tonnes.
• HawkJaw Power Tong Industry's first fully integrated Drill Pipe Make/Break Machine, featuring a proven spinning wrench and patented torque wrench. Distributed under partnership with Hawk Industries.
• BVM Manual Tong API-certified, heat-treated for maximum strength, load-tested, and magnetic particle inspected manual tongs for oilfield tubular operations. Distributed under partnership with BVM Corporation.
• BVM Casing Elevator / Spider 100% load tested, MPI inspected and certified to API 8C specifications. 200-250 Ton models available in Manual or Pneumatic; 350-750 Ton models are all Pneumatic Operated.
• BVM Safety Clamp Designed to handle drill and tubulars with flush joints or low profile shoulders. Certified to API 7K specifications.
• BVM Manual Slips API certified slips with dove tail design eliminating possibilities of losing inserts down the hole.
• BVM Manual Elevator Accommodates drill pipes, casings, tubing and sucker rods. Constructed of alloy steel and certified to API 8C specifications.
• WESTCO Hydraulic Casing Tongs Hydraulic-powered tongs for casing operations. Distributed as exclusive agent for WESTCO in Indonesia.
• WESTCO Tubing Spiders Tubing spiders available in Model B, C, CHD, and E configurations for tubing handling operations.
• WESTCO Rod Tongs Fast, safe, and accurate gear-driven tongs for making up and breaking out Rod. Features safety gates for quick ON-OFF action.
• WESTCO Diesel / Electric Power Unit Power unit designed exclusively for generating hydraulic power to drive tubing, casing, and drill pipe tongs.
• WESTCO Tubing Tong Tubing tong featuring safety lock front guard, high torque, light weight/easy handling, low maintenance design, and proven durability.
• WENZEL Conventional Drilling Jars Rugged drilling jars versatile to a wide range of drilling applications for improved durability and lower cost per meter of hole. Distributed as exclusive distributor for WENZEL in Indonesia.
• WENZEL Drilling Motors Drilling motors with improved durability for longer uninterrupted run times. Supplier holds ISO 9001:2015 and API Q1, API 7-1 certifications.
• WENZEL Drilling Tools Rugged drilling tools versatile to a wide range of drilling applications.
• WENZEL Ultimate Drilling Jars Rugged jars offering improved durability for longer uninterrupted run times and lower cost per meter of hole.
• CAMTECH Casing Bushing Bushing equipment for casing operations. Distributed under partnership with CAMTECH.
• CAMTECH Master Bushing Master bushing for rotary table applications.
• CAMTECH Spinning Wrench (SSW-10, 30, 40) SSW-10 for 3-1/2 to 5-1/2 inch O.D. Drill Pipe; SSW-30 hydraulic powered for 2-7/8 to 9-1/2 inch O.D.; SSW-40 pneumatic with vertical positioning for 3-1/2 to 9-1/2 inch O.D.
• Torque Sub Torque measurement tool with higher accuracy using measured torque vs. derived torque. No cable runs or encoder rig-up required.
• Cementing Swivel Provides means to introduce cement below the top drive and offers option to rotate the casing string during cementing.
• Torque Monitor System Torque Control Systems for makeup of casing, tubing, drill pipe, downhole motors and accessories. Features accurate torque, turns and RPM monitoring.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• WESTCOcoreChannel Partner/ Reseller/ DistributorVarcoindo is the Exclusive Agent for WESTCO products in Indonesia. Products include Diesel/Electric Power Units, Hydraulic Casing Tongs, Rod Tongs, Tubing Spiders, and Tubing Tongs used in oilfield tubular operations.
• WENZEL Downhole ToolscoreChannel Partner/ Reseller/ DistributorVarcoindo is the Exclusive Distributor for WENZEL Downhole Tools in Indonesia. Products include Conventional Drilling Jars, Ultimate Drilling Jars, Drilling Motors, and Drilling Tools. Wenzel is a leading motor and drilling tool supplier with worldwide operations.
• BVM CorporationcoreChannel Partner/ Reseller/ DistributorVarcoindo distributes BVM products including Casing Elevator/Spider, Manual Elevators, Manual Slips, Manual Tongs, Safety Clamps, Links (Big-Eye, Electro Weld, Work Over). BVM is API-certified for drilling equipment.
• CAMTECHcoreChannel Partner/ Reseller/ DistributorVarcoindo distributes CAMTECH products including Casing Bushings, Master Bushings, Roller Kelly Bushings, and Spinning Wrenches (SSW-10, SSW-30, SSW-40) for drill pipe handling.
• Hawk IndustriescoreChannel Partner/ Reseller/ DistributorVarcoindo distributes HawkJaw Power Tong products - the industry's first fully integrated Drill Pipe Make/Break Machine featuring a proven spinning wrench and patented torque wrench.
• International Equipment Suppliers (USA, Canada)minorChannel Partner/ Reseller/ DistributorEquipment sourced from reputable business partners in the USA, Canada, and other leading markets to ensure highest quality and reliability for Indonesian oil and gas operations.

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Vallourec: World leader in premium tubular solutions for the energy industry, providing tubular products and services with overlap into the tubular running and well construction market served by Varcoindo.
• Halliburton: One of the world's largest oilfield services companies providing drilling services, equipment, and tubular running services that overlap with Varcoindo's offerings across the Asia-Pacific region.
• Tenaris: Global leader in tubular products and integrated services for the oil and gas industry with a broad product portfolio that includes casing, tubing, and related services that overlap with Varcoindo's tubular running scope.
• Schlumberger (SLB): World's largest oilfield services company offering integrated drilling and well construction services including tubular running services as part of its portfolio, with significant operations in Indonesia.
• Baker Hughes: Major oilfield services and equipment provider with a broad portfolio including drilling services, well construction, and oilfield equipment that competes with Varcoindo across multiple service lines globally.

Direct peers

• Frank's International (now part of Expro Group): Specialist provider of tubular running services and casing running tools, recently merged into Expro Group — directly comparable to Varcoindo's core TRS and casing running tool business.
• Weatherford International: Global oilfield services company offering tubular running services, drilling equipment, and well construction services directly competing with Varcoindo's core TRS offering, including in Indonesia and Southeast Asia.
• National Oilwell Varco (NOV): Major manufacturer and supplier of oilfield equipment including tubular running tools, casing running tools, and drilling equipment that overlaps directly with Varcoindo's DrawWorks CRT product line.
• Hunting PLC: International oilfield services company providing tubular running services, drilling tools, and well construction equipment that competes directly with Varcoindo's service and equipment rental portfolio.

Regional players

• PT Elnusa Tbk: Indonesian oil and gas services company providing drilling, well services, and oilfield equipment solutions, making it a direct domestic peer to Varcoindo within the Indonesian market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/varcoindo

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 VarcoINDO Bina Jaya