[SMM Flash News] Arkora Hydro Acquires 100% Stake in EES

Pertamina Hulu Rokan (PHR) has signed a production sharing contract (PSC) for unconventional oil and gas development with the Indonesian government, marking a further step in the country’s efforts to develop its shale oil resources. Pertamina has been accelerating unconventional exploration, including the use of multi-stage fracturing, multi-well pads and other drilling technologies, as it seeks to commercialize Indonesia’s shale oil potential and expand domestic oil resources.

Jhonlin Group’s logistics unit PT Dua Samudera Perkasa (DSP) has started commissioning its third coal handling system with a loading capacity of 2,500 tonnes per hour (tph), marking another expansion of the group’s coal logistics infrastructure. The new facility is expected to strengthen DSP’s coal handling and loading capabilities and support more efficient movement of coal volumes. Petromindo’s publicly accessible report confirms that commissioning has begun, but further details on the facility’s location, total investment and targeted annual throughput remain behind its subscriber access.

Iceland Drilling Company and Indonesia’s Pertamina Drilling Services Indonesia (PDSI) have signed a memorandum of understanding to strengthen cooperation in geothermal drilling services, combining Iceland Drilling’s geothermal expertise with PDSI’s domestic capabilities to explore new business opportunities in Indonesia and international markets. The partnership will focus on geothermal well construction, technology and knowledge sharing, while also exploring next-generation geothermal technologies including superhot rock (SHR) resources. The agreement reflects deeper Indonesia-Iceland cooperation in developing geothermal resources and supporting renewable energy expansion.