A New Generation of Oil & Gas Corporation in Indonesia

PETROVINA GROUP (PTV) was founded with the idea of upgrading the upstream oil and gas industry in Indonesia by bringing in advanced petroleum technologies from Russia and USA to increase accuracy, time and cost efficiency, and productivity in the upstream sector.

The advanced technologies (VSIT) brought by PTV Group were first applied in 1999 and 2001 in two of Indonesia’s largest oil blocks Pager and Minas (producing approximately 60% of Indonesia total oil production during the era) operated by CALTEX. Application of advanced technologies by PTV in Pager Field, Minas Field, and surrounding blocks has resulted in significant increase in production (23% increase of production within 3 to 6 months of technology application), along with cost and time saving during its application

These advanced technologies achievement in oil and gas blocks in Indonesia have been presented and awarded by the Indonesian Petroleum Association (IPA) for their successful unconventional operations, becoming the trademark of PTV in the upstream oil and gas industry in Indonesia until present day. In 2022, PTV Group was awarded by The Indonesian Government of Oil and Gas Research and Development Body (LEMIGAS) as the 1st winner EOR Advanced Technology Festival for its outstanding achievement of 20% increase of TEMPINO Field production within 3 months of our VSIT technology application. PTV has been nationally acknowledged and has so far proven that we are fully experienced in providing optimal balance of utilization of conventional method and advanced technologies specifically in Indonesia geological characteristic of oil and gas, mainly in the activity of exploration and enhanced/improved oil recovery.

Beside the upstream advanced technologies it possesses, PTV is also developing IT Backbone and Digital Tools to be fully integrated with its day-to-day operations, to accurately and swiftly identify any operations glitch, to make faster decision for technical solution, and to provide analytical tools to support management strategic plan.

Bringing Expertise, Partnership, and Innovation Together to Boost National Production.

PETROVINA has become a few important players of the changing oil and gas environment in Indonesia resulting from recent government mandate to adopt a better and new way of producing oil and gas in Indonesia by implementing advanced technologies to achieve higher efficiency and productivity, with the ultimate goal reducing national trade deficit resulting from importing oil and gas from overseas . Another strength worth mentioned is PTV competency in the Information Technology (IT), PTV Group is fully supported by leading expertise in IT to combine with its advanced technologies to further reach its utmost efficiency and productivity.

Vision

To be a leading energy company that responsibly optimizes fossil energy production, drives the transition to renewable energy, and ensures national energy security while preserving the environment and honoring local wisdom.=

Mission

01.

Optimize Energy Production

Maximize the efficiency and sustainability of fossil energy production using innovative and responsible practices to strengthen national energy resilience and independence.
02.

Preserve the Environment

Commit to minimizing environmental impact through stringent safety and ecological standards in all operations
03.

Champion Renewable Transition

Gradually develop and integrate feasible renewable energy solutions into our operations to support a sustainable future
04.

Honor Local Wisdom

Collaborate with local communities, respecting their values and traditions while contributing to their development and well-being