Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety, Health, and Environment (SHE)
• Corporate Social Responsibility (CSR)
• Good Corporate Governance (GCG)
• Human Resources

Environmental Achievements

• Consistently implemented environmental conservation activities, including mangrove planting and maintenance.
• Maintained ISO 14001:2004 certification in Environmental Management Systems.

Social Achievements

• Conducted a series of donation activities during Ramadan 2016.
• Provided assistance to orphans, flood victims, and communities in need.
• Supported health and sports activities in local communities.

Governance Achievements

• Implemented a two-tier corporate governance structure.
• Established an independent Audit Committee.
• Complied with applicable regulations from the OJK, Bapepam-LK, and BEI.

Climate Goals & Targets

Environmental Challenges

• Decreased exploration and production activities in the oil and gas industry due to low oil prices.
• Increased competition among drilling companies.
• Low utilization rates for rigs.

Mitigation Strategies

• Implemented various efficiency strategies.
• Restructured loans with creditors.
• Focused on operational performance, work safety, and cost control.
• Pursued opportunities in the geothermal sector.

Climate-Related Risks & Opportunities

Awards & Recognition

• Award from VICO Indonesia for 25 years of safe drilling operations
• Best Booth Content award at the 40th Indonesian Petroleum Association Convention and Exhibition
• Award from ConocoPhillips Indonesia for excellent safety performance
• Award from Petronas Indonesia for zero Loss Time Incident during Tasha’s drilling campaign
• Award from PT Pertamina Geothermal Energy for successful support in handling steam emergence

Environmental Metrics

ESG Focus Areas

• Safety, Health, and Environment (SHE)
• Corporate Social Responsibility (CSR)
• Good Corporate Governance (GCG)
• Human Resources Development

Environmental Achievements

• Implemented energy-saving measures, reducing water and electricity consumption by 2-3%
• Mangrove planting and preservation efforts along the Banten Bay shoreline
• Regular environment cleaning of the Bojonegara yard

Social Achievements

• Conducted a series of donation activities during Ramadhan 2017, providing aid to orphans and the elderly
• Participated in road construction and house renovation projects in Banten
• Donated sacrificial cattle to several mosques and Islamic boarding schools

Governance Achievements

• Implemented Good Corporate Governance (GCG) principles
• Held Annual General Meeting of Shareholders (AGMS) and Extraordinary General Meeting of Shareholders (EGMS)
• Established an independent Audit Committee

Climate Goals & Targets

Environmental Challenges

• Low investment realization in the upstream oil and gas sector leading to decreased drilling activities
• Highly competitive environment for contract bidders with downward pressure on dayrates
• Low utilization rate of rigs due to short drilling project durations

Mitigation Strategies

• Implemented cost efficiency strategies
• Focused on improving operational performance and prioritizing safety
• Actively participated in industry events to market services

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Indonesian Financial Accounting Standards

Certifications: ISO 9001:2008, ISO 14001:2004, OHSAS 18001:2007, IWCF, IADC

Third-party Assurance: Satrio Bing Eny & Rekan (Deloitte)

Awards & Recognition

• Awards from Pertamina, Total E&P Indonesie, and Petronas Indonesia for satisfying performance
• Award from the Governmental Regency of Serang for environmental preservation
• 3rd place award from the Governor of East Kalimantan for SDN 001 Saliki as a Healthy School
• Adiwiyata award from the Governor of East Kalimantan for SDN 001 Saliki for healthy environment

Environmental Metrics

ESG Focus Areas

• Safety, Health, and Environment (SHE)
• Education
• Environment
• Employment opportunities for the community
• Social activities
• Economic
• Social
• Governance

Environmental Achievements

• Reduced fuel consumption by 8.8% (from 13.8 million liters in 2021 to 12.6 million liters in 2022)
• Reduced energy intensity by 21.7% (from 0.33 GJ/manhours in 2021 to 0.25 GJ/manhours in 2022)
• Reduced GHG emissions from rig operations (from 37,085 tCO2e in 2021 to 33,834 tCO2e in 2022)
• All rigs asbestos-free since 2008
• Eliminated single-use plastic bottles
• Planting and maintaining 90,000 mangrove trees in Banten Bay

Social Achievements

• No Lost Time Incidents (LTIs) in 2022
• Employed 583 local workers in 2022
• Provided 13,556 hours of training for employees in 2022
• Client satisfaction score of 4.63 (out of 6) in 2022
• Built a healthy canteen at SDN 001 Muara Badak school

Governance Achievements

• Successfully met all nine Quality Objectives in 2022
• Implemented Good Corporate Governance (GCG) principles
• Complied with all applicable laws and regulations
• Corporate Secretary Department participated in training on sustainability reporting

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic increased health protocol costs
• Creating sustainable CSR programs due to constantly changing operational locations
• World economic recession prediction for 2023

Mitigation Strategies

• Consultation with clients and local communities to create effective CSR programs
• Implementing cost control measures while maintaining high operational standards and maximizing fleet utilization in 2023
• Setting Quality Objectives for 2023 focusing on work safety and ESG management

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Prioritizing quality of goods/services; using a database of hundreds of vendors; conducting strict evaluations including verification of licenses and certifications; price comparisons and providing alternatives

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, POJK No. 51/POJK.03/2017

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 1: No Poverty
• SDG 3: Good Health and Well-being
• SDG 4: Quality Education
• SDG 8: Decent Work and Economic Growth
• SDG 15: Life on Land

CSR programs contribute to these goals through education initiatives, environmental preservation, job creation, and community development.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Award from Pertamina Hulu Kalimantan Timur (PHKT) for support on the PHKT Zona 10 Sapi Drilling Project
• Award from Pertamina Hulu Mahakam (PHM) for “The Best Clinic On Site”
• Appreciation letter from PHKT for the success of the Sapi Field Drilling Campaign