pt apexindo pratama duta tbk

What pt apexindo pratama duta tbk does

PT Apexindo Pratama Duta Tbk is an Indonesian onshore and offshore drilling contractor founded in 1984 and listed on the Indonesia Stock Exchange as its first publicly traded drilling company. Headquartered in Jakarta (Office 8 Building, SCBD) with a branch office in Balikpapan, the company provides contract drilling services to oil, gas, coal bed methane (CBM), and geothermal exploration and production companies operating primarily in Indonesia and selectively abroad.

Apexindo operates a fleet of 6 onshore rigs and 4 offshore rigs (including the Raniworo jack-up — the first Indonesian-flagged jack-up in the world — plus Raisis, Maera, Rig 10, Tasha, and Yani). The fleet is supported by 40+ years of industry experience and over 20 years of continuous operations in the Mahakam Block. Operational differentiation centers on safety performance: multiple rigs have achieved 10–18+ years without a Lost Time Incident, and the company holds ISO 9001, ISO 14001, and ISO 45001 certifications with IADC recognition for safety. High local content and well-maintained equipment are cited as additional operational strengths.

The company generates revenue through B2B drilling service contracts secured via competitive bidding and direct negotiation with national oil companies and major E&P operators. Named customers are concentrated in the Pertamina group (PHE Anggursi, PHE WMO, PHM, PHENC) and VICO Indonesia; an individual contract with Pertamina for the Raniworo rig was disclosed at US$13.7 million. Go-to-market is enterprise direct sales, with operating geographies spanning Java Sea, East Kalimantan, Riau, Banten, and South Sumatra, and historical international exposure in Iran, Abu Dhabi, and Oman.

Name

pt apexindo pratama duta tbk

Legal name

PT Apexindo Pratama Duta Tbk

Website

https://apexindo.co.id

Company type

Public

Founded year

1984

Operating status

Operating

Short description

PT Apexindo Pratama Duta Tbk is an Indonesian publicly listed B2B drilling contractor providing onshore and offshore drilling services to oil, gas, coal bed methane, and geothermal exploration and production companies, operating a fleet of 6 onshore and 4 offshore rigs primarily in Indonesia.

Ownership category

akta.pro rank

Product category

Oil and Gas Drilling Services

NAICS

Drilling Oil and Gas Wells (213111), Support Activities for Oil and Gas Operations (213112)

SIC

Drilling Oil & Gas Wells (1381)

akta.pro primary industry

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

akta.pro secondary industry

Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ)

Keywords

• Oil and gas drilling
• Offshore drilling services
• Onshore drilling services
• Geothermal drilling
• Coal bed methane drilling

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Drilling Services Contracts: Apexindo generates revenue through contract-based drilling services for oil, gas, coal bed methane, and geothermal exploration and production companies. Contracts are awarded through competitive bidding and direct negotiation, typically valued at millions of dollars per project (e.g., US$13.7 million contract with Pertamina for Raniworo rig).

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

PT Apexindo Pratama Duta Tbk is an Indonesian drilling contractor providing onshore and offshore drilling services for oil, gas, coal bed methane (CBM), and geothermal exploration and production projects. The company operates a fleet of 4 offshore rigs (including jack-up and swamp barge units) and 6 onshore rigs, executing contracts valued in the millions of dollars for major energy-sector clients.

Product overview

Apexindo provides a unified drilling services portfolio consisting of onshore and offshore drilling operations. The company operates 6 onshore rigs and 4 offshore rigs (including Raisis, Maera, Rig 10, Raniworo, Tasha, and Yani), serving oil, gas, coal bed methane (CBM), and geothermal exploration and production companies. The onshore services utilize land-based rigs for projects throughout Indonesia and internationally, while offshore services employ jack-up and swamp barge rigs for sea-based drilling operations. Key differentiators include world-class safety records, with several rigs achieving 14-18+ years without Lost Time Incidents, and extensive experience operating in the Mahakam Block for over 20 years.

Differentiator

Problem solved

Functional benefit

Products and services

• Onshore Drilling Services Onshore (land-based) drilling services providing large-capacity, well-maintained rigs for oil, gas, coal bed methane, and geothermal projects across Indonesia and internationally. Targeted at enterprise E&P operators.
• Offshore Drilling Services Offshore (sea-based) drilling services providing high-quality rigs (jack-up and swamp barge types) for oil and gas projects across Indonesia and globally. Targeted at enterprise E&P operators.
• Rig Raisis Offshore drilling rig with 18 years 8 months of operational track record as of June 30, 2026, deployed for offshore oil and gas drilling projects.
• Rig 9 Onshore drilling rig recognized by IADC for achieving 14 years without Lost Time Incident (LTI), with a 25-year continuous contract with VICO Indonesia for operations in Kalimantan Timur.
• Rig Maera Offshore drilling rig with 12 years 11 months of operational track record as of June 30, 2026, deployed for offshore oil and gas drilling projects.
• Rig 10 Offshore drilling rig with 10 years 5 months of operational track record as of June 30, 2026, deployed for offshore oil and gas drilling projects.
• Rig Raniworo Indonesian-flagged jack-up rig — the first of its kind in the world — with 15 years without Lost Time Incident. Experienced in drilling operations at Mahakam (Indonesia), Iran, Abu Dhabi, and Oman.
• Rig Tasha Offshore drilling rig contracted by Pertamina for swamp barge and jack-up operations in Indonesian oil and gas fields.
• Rig Yani Offshore drilling rig scheduled for operations with Pertamina Hulu Mahakam (PHM) for high pressure high temperature drilling programs in the Tunu Field, Mahakam working areas.

Quantifiable outcome

• Rig 9 achieved 14 years without lost time incident (LTI)
• +2 more outcomes

Named customers5 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered minor.

• Universitas ParamadinaminorOthers · 11 June 2026Cooperation with Magister Ilmu Komunikasi program to conduct digital technology training for vocational high school students at SMKN 15 Kota Bekasi.
• Foodbank of Indonesia (FOI)minorOthers · 30 November 2022Humanitarian aid collaboration following the Cianjur earthquake disaster. Apexindo provided supplies to support communal kitchens in earthquake-affected areas through FOI distribution network.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• PT Pertamina Drilling & Well Services: Drilling arm of Pertamina that provides onshore and offshore drilling services across Indonesia. Most directly comparable competitor as it serves the same upstream customer (Pertamina group) with a similar drilling rig fleet.
• PT Elnusa Tbk: Indonesian-listed oilfield services company offering drilling and well services, including work for Pertamina. Comparable due to overlapping onshore/offshore service lines, identical Indonesian-listed status, and shared upstream customer base.
• PT Supraco Indonesia: Indonesian drilling and well services contractor with onshore and offshore rigs, including geothermal drilling capabilities. Directly comparable because it operates in the same Indonesian E&P market with similar rig types and serves Pertamina.

Broad incumbents

• Sapura Energy Berhad: Malaysian integrated oil and gas services company with drilling, offshore installation, and energy services. Comparable as a regional incumbent with offshore rig operations across Southeast Asia that competes for the same regional tenders.
• MISC Berhad (Offshore Solutions): MISC's offshore business provides OSVs and drilling-related marine services across Southeast Asia and globally. Comparable regional incumbent with offshore asset operations that overlap with Apexindo's offshore rig footprint.
• Borr Drilling: Pure-play shallow-water jack-up drilling contractor focused on Southeast Asia, Middle East, and West Africa. Comparable as a major regional jack-up competitor with a fleet of similar rigs that periodically targets Indonesian tenders.
• Transocean Ltd. World's largest offshore drilling contractor with a deepwater and harsh-environment rig fleet. Relevant international incumbent that periodically diverts capacity to Southeast Asia tenders, competing with Apexindo's jack-up fleet.
• Noble Corporation plc: Major international offshore drilling contractor with a global jack-up and deepwater rig fleet. Relevant international comparable for fleet economics and benchmarking on day rates and utilization in the offshore drilling segment.

Regional players

• Vallianz Holdings: Singapore-listed offshore support vessel and rig services provider focused on the Middle East and Southeast Asia. Comparable regional player providing offshore marine and rig-related services to the same NOC/IOC clients as Apexindo.

Emerging players

• Seacrest Petroleo (formerly Constellation Oil Services): Offshore and onshore drilling provider with operations in Latin America and other international markets, comparable to Apexindo as a multi-region mid-tier drilling contractor with similar jack-up exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 →

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