Pertamina EP Cepu Net Profit Increases 197 Percent in 2017
By : Hariyanto And Aldo Bella Putra | Sunday, March 25 2018 - 17:00 IWST
![Ilustrasi Pertamina EP](https://eagle.industry.co.id/uploads/berita/detail/2052.jpg)
Ilustrasi Pertamina EP
INDUSTRY.co.id - Jakarta - In 2017, PT Pertamina EP Cepu (PEPC) booked a net profit of US $ 662.2 million, an increase of 197% compared to 2016 profit of US $ 222.7 million.
This was revealed by PEPC President Director Jamsaton Nababan at the General Meeting of Shareholders (AGM) at Pertamina EP Head Office Cepu, Jakarta, on Wednesday (21/3/2018).
It also became the largest milestone for PEPC, making PEPC the first largest profit contributor in the upstream subsidiary (APH).
"In 2017, PEPC's performance is very good, the company also gets AAA's health point, the highest point for corporate health, it's an achievement that will encourage PEPC's spirit to be even better in 2018," Jamsaton said.
In addition, PEPC also succeeded in increasing the Banyu Urip Field oil production from the average production of 2016 by 171,107 BOPD to 203,521 BOPD production averages by 2017.
The main focus of PEPC in 2018 is the achievement of the Banyu Urip Field production target and the implementation of the Field Gas Development Project of the Unitization of Tiung Biru Field, especially for EPC Gas Processing Facilities (GPF).
According to Jamsaton, the performance of last year could be a reference in order to maintain and improve the achievement. "This is our joint challenge, not just production, but also lifting problem because we only have one lifting point in Gagak Rimang, with increasing lifting activies, the risks are also increasing, such as bad weather," he said.
The second challenge is the JTB project to be on-stream in 2021 and able to maintain its economic value and meet the needs of Industrial Gases in East and Central Java.
"My hope PEPC will work harder, more solid, we work together, so target target from Persero to PEPC can be achieved, we can donate to the Persero as much as possible," he concluded.
Read Also
The 7th Abu Dhabi Dialogue in Dubai: Commitment to Enhance Migrant…
Pertamina Hulu Rokan expounds on wetland innovations at COP28
Pertamina reaffirms its commitment to net zero emissions by 2060
President Jokowi Inaugurates Tangguh Train 3 Project in Teluk Bintuni…
MMA Offshore Automates Onboarding With Boomi
Today's Industry
![Flag of the United Nations Organization.](https://eagle.industry.co.id/uploads/berita/small/5783.jpg)
Kamis, 15 Agustus 2024 - 14:26 WIB
Modena Officially Becomes a Member of the UN Global Compact
Commited to transforming towards sustainable business practices, Modena the global home appliance established over 60 years ago in Italy, officially became a member of the UN Globe Compact (UNGC)…
![Totolink outlet. (Photo: Public Relation of Totolink)](https://eagle.industry.co.id/uploads/berita/small/5782.jpg)
Kamis, 11 Juli 2024 - 22:08 WIB
Totolink Strengthens Commitment to Innovative and Reliable Network Solutions for Indonesia
Marking a strategic step, Totolink Indonesia proudly announces the enhancement of its head office in Jakarta, located at Harco Mangga Dua Blok E No.28, Sawah Besar, Central Jakarta.
![The President Commissioner of Bersama Digital Data Centres (BDDC), Setyanto Hantoro (fourth right) and The President Director of BDDC, Angelo Syailendra (third right) during the BDDC JST1 Inauguration Ceremony in Jakarta on Wednesday (10/07/2024).](https://eagle.industry.co.id/uploads/berita/small/5781.jpg)
Kamis, 11 Juli 2024 - 19:03 WIB
BDDC Inaugurates JST1 TIER IV Data Centre in Jakarta to Strengthen Digital Infrastructure
Bersama Digital Data Centres (BDDC), an in-town data centre provider with interconnectivity and integrated digital systems, inaugurated its 5 MW Tier IV data centre facility, JST1 (Jakarta Selatan…
![The Board of Directors of PTT Global Chemical (GC) pose for a group photo after receiving the prestigious SNI (Indonesian National Standard) certification for its InnoPlus Polyethylene resin. (Photo: GC Public Relations)](https://eagle.industry.co.id/uploads/berita/small/5780.jpg)
Kamis, 27 Juni 2024 - 15:30 WIB
Global Chemical Achieves Prestigious SNI Certification for InnoPlus Polyethylene Resin
PTT Global Chemical (GC) is proud to announce its successful attainment of the prestigious SNI (Indonesian National Standard) certification for its InnoPlus Polyethylene resin.
![Financial Literacy](https://eagle.industry.co.id/uploads/berita/small/5779.png)
Rabu, 26 Juni 2024 - 22:47 WIB
The Importance of Financial Literacy
Financial literacy refers to the ability to understand and use various financial skills effectively, including personal financial management, budgeting, and investing.
News Comment